1471 Moore Street
Bellingham, WA 98229
$4,200,000
Price
6
Beds
5
Baths
17,048 Sq. Ft.
$246 / Sq. Ft.
17,048
Sq. Ft.
$246
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of Muljat Group
Description
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...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!
- Listed by Troy C. Muljat • Muljat Group
Property Details for 1471 Moore Street
Community Name
Bellingham
School DistrictBellingham
Number of Assigned Spaces30
Total Covered Parking0
Offers Review Date10-11-2024
Entry Date09-30-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:07 PM
Property Details for 1471 Moore Street
| Status | Active |
|---|---|
| MLS # | 2295752 |
| Days on Market | 44 |
| Cumulative Days on Market | 19 |
| Taxes | $23,949 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1981 |
| Lot Size | 0.67 AC / 29,185 SF |
| County | Whatcom County |
Virtual Tour
Building Information for 1471 Moore Street
Stories2Residences3Year Built1981Building Size-Lot Size0.67 AC / 29,185 SF
Property Information for 1471 Moore Street
Summary
Location and General Information
- Style: 56 - 10+ Units
- Area: 860 - Bellingham
- Directions: From I-5 take exit 253 for Lakeway Drive, continue onto Potter Street, turn left onto Moore Street, property on the left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 30.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=wd1nnU7kgKN
- Virtual Tour URL Description: 2 BD/2 BA Virtual Tour
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 23000
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Zoning Class: Multi-Family,Residential
- Possible Use: Multi-Family, Residential
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 24
Lot Information
- Lot Size Source: Assessor
- Parcel Number Free Text: 3803290760900000
- Calculated Square Footage: 17048
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 17048.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 30
- Number of Stories in Building: 2
- Vacancy Rate: 4
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 20
Financing / Income and Expenses
- Electric Expense: $3,000
- Total Expenses: 128310
- Gross Adjusted Income: 368873
- Gross Rent Multiplier: 10.98
- Gross Scheduled Income: $382,680
- Insurance Expense: $9,000
- Net Operating Income: $240,563
- Other Expenses: $69,361
- Total Monthly Income: 384180
- Fuel Expense: $0
Unit 1
- Name Unit 1: 11
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 808
- Rent Unit 1: $1,225.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 10, 12, 13, 16-19
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 880
- Rent Unit 2: $1,475.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 1-9, 14, 15, 20
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 840
- Rent Unit 3: $1,695.00
- Bedrooms Unit 3: 3
- Bathrooms Unit 3: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 17048.0
- Leasable Area Units: Square Feet
Property History for 1471 Moore Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1471 Moore Street
Taxable ValueLand$972,240Additions$2,107,374Total$3,079,614
Tax Record2021$20,201 ($1,683 / month)
Home Facts
Total Finished SqFt17,022 SqFtAbove Ground SqFt17,022 SqFtLot Size29,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981ZoningRM1.5CountyWHATCOMAPN380329 076090 0000
Schools near 1471 Moore Street
This home is within Bellingham Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 2 to 9 |
Rating | School | Distance |
|---|---|---|
Carl Cozier Elementary School PublicPK to 5 | ||
Kulshan Middle School Public6 to 8 | ||
Sehome High School Public9 to 12 | ||
Whatcom Discovery Public2 to 9 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Muljat Group
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
