Bought with Westlake Associates, Inc.
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,552 sqft
Price per Sqft $206
Subdivision Roosevelt
MLS Listing ID 1760039
Style 56 - 10+ Units
Year Built 1976
Annual Tax Amount $20,181
Lot Size 0.570 Acres
Property Description
22-unit apartment complex in the heart of Bellingham. 6-2bd 1 bth, 15-1 bd 1 bth and 1 studio all with W/D and dishwashers. New siding, windows and sliders in 2018. Study the rents, this prime location and solid building and it becomes apparent why its only had a few owners since built AND you will see a nice current upside potential along with the rocksteady performance. Opportunities like this are few and far between and only because owner is leaving the state is this available for the next beneficiary. All numbers are actual 2020 COVID moratorium numbers and it still shines! Approximate $40,000 potential income increase (w/out increasing rents) at moratorium end makes this perfect timing! Sound familiar? See MLS #1762937
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Laminate, Carpet
Exterior
Exterior Feature Cement Planked
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, High Speed Internet
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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