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