Bought with Coldwell Banker Bain
$1,187,500
$1,300,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 06/04/2024
Key Details
Sold Price $1,187,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bellingham
MLS Listing ID 2223526
Sold Date 06/04/24
Style 55 - 5-9 Units
Year Built 1975
Annual Tax Amount $9,000
Lot Size 0.331 Acres
Property Description
Well maintained 6 unit apartment building located minuets from Barkley village and downtown Bellingham. Recent capital improvements include a new roof and exterior paint. Current rents are well below market and leases are month to month, providing opportunity for immediate gross income increase. Fair market rent potential between $1500-$1800 per month for the five units that are 2 bed 1 bath and $1200-$1400 for the 1 bed/1 bath unit. This is a great opportunity for investors.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Fireplace Yes
Exterior
Exterior Feature Cement Planked
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
Listing Terms Cash Out
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