Bought with Windermere Real Estate Whatcom
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2680 Alderwood AVE Bellingham, WA 98225
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Key Details
Sold Price $4,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,040 sqft
Price per Sqft $221
Subdivision Birchwood
MLS Listing ID 1761649
Sold Date 07/30/21
Style 56 - 10+ Units
Year Built 1991
Annual Tax Amount $16,471
Lot Size 0.840 Acres
Property Sub-Type Multi-Family
Property Description
Take advantage of an exceptional opportunity to own a 20 Unit apartment property in excellent Birchwood location, on bus line; minutes from shopping, airport, waterfront, downtown; no pet policy in place; tenants month to month; opportunity to own multi-family; rents currently under market; financials pro forma based on still under-market rent of $1250 per unit; lovingly and meticulously maintained by original builder/owner. Upside potential by bringing to market rates through professional management; Cap rate includes estimated professional management expenses. Each unit includes washer/dryer. May be capable of condominiumization (buyer to verify).
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Sewer Connected, Electric
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
Listing Terms Cash Out, Conventional
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