Listed by Muljat Group, Bought with Westlake Associates, Inc.
$3,700,000
SOLD DEC 30, 2024
6 Beds
5 Baths
17,048 Sq Ft
0.67 Acres

Recently Sold

$217 Per Sq Ft

12% Below List Price

50 Days on Market

Highlights

  • 0.67 Acre Lot
  • No HOA
  • Baseboard Heating
  • Kulshan Middle School Rated A-

About This Home

As of December 2024

Commonly known as Civic Field Apartments, 1471 Moore St is a 20-unit apt complex that would be an easy addition to any investment portfolio! Professionally managed & with historically low vacancies; 1/3 of the tenants have maintained occupancy here for the last 5+ yrs. Consistent rental demand can be attributed to the proximity of Western Washington University, and its convenient location just a short jog off Lakeway Dr, and 1/2-mile from I-5 access. Tenants also enjoy the complex’s plentiful on-site parking & walking distance to shopping, entertainment, & bus stops. Supplemental income is provided by the on-site laundry & storage units. With a major landscaping update recently completed, this great income producing property is ready to go!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 09/30/2024

Muljat Group

Last Buyer's Agent

Reid Jones

Westlake Associates, Inc. License #87080

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2295752

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,949

Year Built

  • Built in 1981

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 17,048 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 30 Parking Spaces
  • Open Parking

Additional Features

  • 0.67 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803290760900000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,949

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1981
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 17048
  • Special Features: VirtualTour
  • Cumulative Days on Market: 162

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 6
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 30
  • Open Parking: Yes
  • Total Parking Spaces: 30
  • ParkingUncoveredSpaces: 30

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 23000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803290760900000
  • Lot Size Acres: 0.67
  • Lot Size Sq Ft: 29185
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.98
  • LeasedItems: None
  • TotalMonthlyIncome: 384180

Multi Family

  • Gross Scheduled Income: 382680
  • Net Operating Income: 240563
  • Number Of Units Total: 3
  • Electric Expense: 3000
  • Insurance Expense: 9000
  • Leasable Area: 17048
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2024
  • Tax Annual Amount: 23949

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $3,700,000 -11.9% $217 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $4,200,000 0.0% $246 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $4,200,000 -- $246 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2295752

Northwest Multiple Listing Service (NWMLS)