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Old Town Flats – Click Here for More Information2018-11-14T20:12:52+00:00

Project Description

Bellingham, Washington

Opened earlier this year, Old Town Flats is one of Bellingham’s most pristine multi-residential communities. Located in Bellingham’s ‘Old Town’ Historic District, Old Town Flats is 32 units consisting of studio, one, and two bedroom units plus one live/work space and one commercial space located on the ground level. The property includes secure entry, an interior elevator, and a gated surface lot and garage with 11 surface and 18 garage stalls.

The beautifully designed building is only rivaled by the level of detail seen throughout the interior. All units boast oversized windows, stainless steel appliances, high end finishes, dark wood cabinets complemented with granite countertops, and a washer and dryer. Select units also include a patio and most units have views of Downtown Bellingham, Bellingham Bay, or Mount Baker.

Located in the ‘Old Town’ Historic District (locals commonly refer to this area as the Lettered Streets Neighborhood), Old Town Flats is an ideal location to call home. With a WalkScore of 86/100, residents have easy access to some of Bellingham’s most treasured destinations including the Mount Baker Theatre, The Upfront Theatre, Whatcom Museum, Zuanich Point Park, Maritime Heritage Park, Chuckanut Brewery, Boundary Bay Brewery, and the Bellingham Farmer’s Market. Western Washington University – the third largest university in the state of Washington – is also located within 2 miles, making Old Town Flats a desirable location for people who attend or work on campus.

Old Town Flats is setting new market rent levels. The anticipation of continued low vacancy of less than 3.0%, the quality of construction, and excellent location makes Old Town Flats a safe and prosperous long term investment opportunity.

Click here to download the marketing brochure for Old Town Flats

Transaction Details

ASKING PRICE

$8,188,000

CAP RATE

TBD

BUYER

TBD

SELLER

Private Investor

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