Bought with ZNonMember-Office-MLS
$1,482,500
$1,700,000
12.8%For more information regarding the value of a property, please contact us for a free consultation.
6,240 SqFt
SOLD DATE : 09/19/2023
Key Details
Sold Price $1,482,500
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
Sold Date 09/19/23
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
Interior Features Hardwood, Wall to Wall Carpet
Flooring Hardwood, Vinyl Plank, Carpet
Fireplace No
Exterior
Exterior Feature Wood Products
Waterfront No
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Bellingham
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, See Remarks
Listing Terms Cash Out, Conventional, See Remarks
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