Bought with Westlake Associates, Inc.
$3,200,000
$3,200,000
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15,040 SqFt
SOLD DATE : 07/22/2021
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,040 sqft
Price per Sqft $212
Subdivision Roosevelt
MLS Listing ID 1762937
Sold Date 07/22/21
Style 56 - 10+ Units
Year Built 1979
Annual Tax Amount $19,317
Lot Size 0.680 Acres
Property Description
20-unit apartment complex in the heart of Bellingham. 14-2bd 1 bth, 6-1 bd 1 bth all with washer/dryers and dishwashers. 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 $30,000 potential income increase (without increasing rents) at moratorium end makes this perfect timing! Sound familiar? Check out MLS #1760039
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace No
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, High Speed Internet
Waterfront No
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
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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