GALLERY 4 -  Investment Properties

For Real Estate Investors this is a "buyers market" created by a world wide recession. Take a look at the fall of property appreciation in the "Bellingham Real Estate Market" over the last 9 quarters. You know you can purchase properties at or below market values (visit developers, investors) but what are the events that will bring these properties back to their pre recession value to produce a positive R.O.I.??

Demand for retirement property will come from the 10,000 Baby Boomers coming on the market every single day for the next 19 years starting January 1, 2011. Bellingham is  the The Perfect Retirement Community for this new generation of retirees. And with the new life style that will be provided by the Waterfront Development Project we will be able to compete with other communities on the West Coast for this new generation with our over-the-water board walks and traffic free pedestrian walkways.

We also have the unique situation with the stability and growth of the Western Washington University and "Off Campus Student Housing" (OCSH). This provides a "safe haven" for investors purchasing multifamily OCSH properties. You will have 100% occupancy with Student Housing and parental signing that secures a positive cash flow for the property with the added leverage of owning properties that are "adjacent" to the Waterfront Development Project.

All of the real estate investment properties listed below are income producing properties. Properties 4-2, 4-3, 4-5 and 4-6 are "Off Campus Student Housing" and are  "adjacent properties" to the Waterfront Development Project. The Waterfront Development Project and the Retirement Community will provide the "leverage" to maximize the R.O.I. on these investment properties.

In "Local News" there is an "Executive Summary" of the Waterfront Development Project and on page 4 there is a diagram showing the area of "Adjacent Properties" and other  significant landmarks associated with the "project".

 Please contact me directly for the complete listing details and a financial summary on any of the properties listed below.

Boardwalk Apartments - 1997 building next to Western Washington University. 18 units 1 bedroom, 1 bath w/large decks and territorial view. Top floor units, vaulted ceilings. Units are fully applianced;  DW , fridge, range disposal, cable, fire alarms, coin-op laundry and storage lockers on each floor. 18 parking stalls. Close to all services & Fairhaven. Rents are below market!. Designed to add W/D in each unit if desired. Possible of 3 additional units in building. New Trex Decks in 09.

Four Plex - Great investment opportunity. Four-plex within easy walk of WWU (1 block). Well maintained with newer roof, paint, etc. Great rental history, Bellingham Bay and City views. Lots of parking including carport off alley, radiant heat, shared laundry. private storage for each unit. Two 2 bedroom units and two 1 bedroom units, all with private entrances

Two Condo Units - Two units condoized & built in 1908 as part of a seven unit project. These two units were the only units built. Buy both together and finance as a duplex. Currently financed as WA FED. Upper unit has spiral staircase leading to bonus room/bedroom. Lower unit located over unfinished basement of +/- 700 sq ft. This area could be used for storage for for future development. Located 1 block from WWU with unobstructed view of Bellingham Bay. Major improvements made in 2003.

McKenzie Square - A Fairhaven Crown Jewell Mckenzie Square is for sale for a limited time. This mixed use 60 unit apartment community with over 17,000 sq ft of Ground Floor Commercial/Retail Space is 100% leased. The Building is Anchored by the Dept of Ecology (10 Year Lease). 15% increase on June 1st 2012.

Tri Plex - This is a great investment opportunity. 100% rented, well maintained, efficient triplex within walking distance to WWU.

Duplex - Attractive craftsman like duplex is located a few blocks from WWU with potential for developing 6 units. Bay view, steady rental income with zero vacancy. The 3 car garage off the alley needs work but can add to revenue.