Updated Sep 5, 2024
The Mogharebi Group Represents $18.4M Sale Of 66-Unit Multifamily In Bellingham, WA
3619 Bill Mcdonald Parkway, Bellingham, Washington 98225, United States
$18,365,000
Units
66
Asset Type
MultiFamily
Closing
Dec 15, 2022
About this deal
AI
The multifamily property located at 3619 Bill McDonald Pkwy in Bellingham, WA has been sold for a total price of $18,365,000. The transaction took place on 12/15/2022. This property consists of 66 units, resulting in a price per unit of $278,257.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,365,000
- Units: 66
- Price Per Unit: $278,257
- Broker: Ryan Kidwell & Robert Parmar - The Mogharebi Group
Ryan Kidwell and Robert Parmar from The Mogharebi Group represented the buyer and/or seller in this transaction.
On the Map
$18,365,000
MultiFamily
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Bellingham MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93