Bellingham, WA 98225,2680 Alderwood AVE
Bellingham, WA 98225,2680 Alderwood AVE
Bellingham, WA 98225,2680 Alderwood AVE
40
Listed by Keller Williams Western Realty
Bought with Windermere Real Estate Whatcom
$4,000,000
$4,500,000
11.1%
Est.Price: ?

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18,040 SqFt

2680 Alderwood AVE Bellingham, WA 98225

Est. payment /mo
SOLD DATE : 07/30/2021

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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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Northwest MLS (NWMLS)

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agent

Wanis Nadir

Broker | License ID: 126751

+1(206) 669-9128

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