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Property Description
This meticulously maintained 5 building, 57-unit apartment/townhouse complex has an outstanding 21+ year rental history. Unique expansion opportunity! Land is zoned for 27 additional units. New roofs, siding, and exterior paint in last 3 years; new double pane windows. All units beautifully remodeled (countertops, cabinet faces, flooring, fixtures) with upgraded appliances (full size washer/dryer in each unit). Conveniently located in a high demand area 1 mile from WWU; Minutes to Fairhaven ,Joe’s Garden & I-5. All units have 2 bedrooms (53-850 sq ft units; 4-1059 sq ft units; 4-ADA features; with 1-3/4 BA(32 apartments), 1-1/2 BA(21 townhouses),1 large BA(4 apartments). Excellent income producing property, CAP rate 4.2% (pro forma).
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Property Details
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- MLS ID:
- 2333623
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- Area:
- Bellingham
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- Building Name:
- Sehome Court
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- Community:
- Sehome
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- County:
- Whatcom County
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- Elementary School:
- Happy Vly Elem
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- Flooring:
- Vinyl, Carpet
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- High School:
- Sehome High
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- Junior High School:
- Fairhaven Mid
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- Lot Size:
- 490x200
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- Lot Size Sq. Ft.:
- 84,071
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- Lot Style:
- Curbs, Paved, Sidewalk
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- Property Subtype:
- Multi-Family
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- Property Type:
- Residential Income
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- Status:
- Active
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- Year Built:
- 1988
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Additional Highlights
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- Exterior:
- Cement Planked, Wood
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- Parking:
- 90
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- Roofing:
- Composition
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- Total Number of Units:
- 57
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- View:
- City, Territorial
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- Water Source:
- Public
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- Zoning Description:
- Multi-Family
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Amenities
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- Site Features:
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
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Taxes and Fees
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- Taxes (Est):
- $52,463
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- Taxes (Year):
- 2024
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Request Info
820 32nd Street, Bellingham Washington, 98225 United StatesDisclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by Realogics Sotheby's International Realty and should be verified by the buyer.