Bought with Westlake Associates, Inc.
$1,600,000
$1,600,000
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6,240 SqFt
SOLD DATE : 12/14/2021
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $256
Subdivision Roosevelt
MLS Listing ID 1819509
Sold Date 12/14/21
Style 56 - 10+ Units
Year Built 1976
Annual Tax Amount $8,832
Lot Size 0.350 Acres
Property Description
10-unit apartment building in the Roosevelt neighborhood, one of Bellingham's most prime rental districts. Building has been very well maintained. All but one unit has been updated and some more recent than others. 75% of the windows are new, new gutters with screens, exterior is freshly painted, plus cracked concrete in parking lot scheduled to be replaced. 4.8% CAP even with all units under market rental rates! Low maintenance, low expenses, low current rents means this investment will only get better. This is a fantastic property to add or start your investment portfolio.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Sewer Connected, Electric
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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