Hey Vancouver and Seattle - Check out Cap Rates Just S. of The Border

By
Real Estate Broker/Owner with Foster Group Realtors WA DOL# 26639

Northwest living and investing is only 60 minutes from downtown Vancouver and 90 minutes.  Whatcom County offers great value to between 2 of the highest priced markets on the Westcoast. Whether it is water view cabins starting in the low $300's, or a brand new zero bank waterfront luxury townhome. Value here is awesome.

Income properties are recently getting a lot of notice as well.  In Vancouver and Seattle returns are dropping to new lows.  My Vancouver buddies are telling me 2% is common and they simply have count on continued appreciation.  In Whatcom CAP rates range from 5% for brand new construction multifamily to as high as 10% on some commercial. On average a 6% return on residential is almost assured.  Plus in the County we have a 1% vacancy rate and can't build them fast enough.

Our small County has a host of outdoor treats, beaches, biking trails, mountains and The San Juan Islands at your door while still being an easy reach to larger urban opportunities. So if you or a client is thinking of a place away from all the traffic and noise, think of Whatcom County. Whether for a fun second home, rental income or major investment. 

PM me or email if you would like to see a sample of what we have here, large or small.

Doug

360-920-1114

Just for fun here is a 7 CAP building for $350,000 that s only 50% utilized.

Blaine Income by The Bay!

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information

Spam prevention
Show All Comments
Rainmaker
4,449,225
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great information for those working with investors in Vancouver and Seattle.

Jan 20, 2018 07:35 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
18,799

Foster Group Realtors - HomeSmart One Realty

Ask me a question
*
*
*
*