1317 Pelican Pl - Apartments FOR SALE


Point Roberts, WA 98281
$2,650,000 USD
360-441-5566
1317 Pelican Pl, Point Roberts, WA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

1317 Pelican Pl
Point Roberts, WA 98281


OVERVIEW

Situated on the 3rd hole of the newly re-opened Point Roberts Golf Course, this 7-unit multifamily property (5 townhomes, 2 detached homes) offers strong upside. Built in 2010 on 1.12 acres, the townhomes average 1,112 sq ft (2 bed/2 bath) and the homes average 1,686 sq ft (2–3 bed/2 bath). Currently rented below market at $6,170/mo with a proforma of $15,200/mo. Potential to stratify and sell individually. High demand from golfers and local staff. Rare opportunity for repositioning in a growing, supply-constrained market.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

7

PRICE/UNIT

$378,571

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

-

APN/PARCEL ID

405304-535513-0000,4053045355130001,4053045355130002,4053045355130003,4053045355130004,4053045355130005,4053045355130006,4053045355130007

ASK ABOUT THIS PROPERTY

Justin BrunsvikLifeline EquityMore Info
360-441-5566

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Justin BrunsvikLifeline EquityMore Info
360-441-5566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.