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    2680 Alderwood Avenue

    Bellingham, WA 98225
    • $4,500,000
    • STATUS: Pending
    • ON SITE: 50 days
    • ID#: 1761649
    Under Contract
    UPDATED: 20 min ago
    $4,500,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Keller Williams Western Realty.

    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).

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T19:14:20.437.

    www.nwhomeexperts.com/homes/116388989
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    2680 Alderwood Avenue Bellingham, WA 98225

    • Price: $4,500,000
    • Status: Pending
    • Updated: 20 min ago
    • ID#: 1761649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    1991
    Built
    Neighborhood:
    Birchwood
    County:
    Whatcom
    Area:
    Bellingham
    School District:
    Bellingham
    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).
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/Vinyl Open Parking Spaces 30 Open Parking YN Yes Parking Total 30 Parking Uncovered Spaces 30 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Ceramic TileVinylCarpet Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 300000 Insurance Expense 7547 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 240563 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 16471 Tax Year 2021 Total Expenses 56437 Units In Building Total 20 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 10144 Zoning Class Multi-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T19:14:20.437.

     
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    NW Home Experts
    2211 Elliott Avenue Suite 200
    Seattle WA, 98121
    Listing Courtesy of Keller Williams Western Realty.