Bought with ZNonMember-Office-MLS
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $237
Subdivision Roosevelt
MLS Listing ID 2057904
Style 56 - 10+ Units
Year Built 1976
Annual Tax Amount $11,383
Lot Size 0.350 Acres
Property Description
The apartment is a 10-Unit, 2-Story Building in the Roosevelt neighborhood, one of Bellingham's most populous rental districts. Built in 1976, it is comprised of mostly renovated and well-maintained 1-Bed, 1 Bath units all averaging 600 square feet. There is a mix of single and double pane windows, and brand-new screens and gutters have been installed. The exterior was painted in 2021, and the concrete in the parking lot was replaced in 2022. There is a current In-Place Cap Rate of 6.21% with additional upside opportunities and potential for higher rents.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Hardwood, Vinyl Plank, Carpet
Exterior
Exterior Feature Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional, See Remarks
Listing Terms Cash Out, Conventional, See Remarks
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