Price Reduction - Waterfront
Listing Provided Courtesy Of:
Keller Williams Western Realty and NWMLS
Address
2680 Alderwood Avenue Bellingham, WA
Price
$ 4,500,000
Property Attributes
  • ID#1761649
  • TypeMulti-Family
  • CountyWHATCOM
  • CityBellingham
  • AreaBellingham
  • NeighborhoodBirchwood
  • Zip98225
  • Style10+ Units
  • Year Built1991
  • Taxes16471
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18040
  • Lot Size0.84 Acres
Listing Provided Courtesy Of:
Keller Williams Western Realty and NWMLS
Data Source:
NWMLS
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).

Price History
4/22/2021 Listed $4,800,000
5/5/2021 7% - $4,500,000

General Features

Buildingareaunits Square Feet
Carport Y/N No
Exterior Features Metal/Vinyl
Flooring Ceramic Tile, Vinyl, Carpet
High School District Bellingham
New Construction No
Open Parking Spaces 30
Possible Use Multi-Family
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Sewer Sewer Connected
Standard Status Active
Structure Type Multi Family
Subdivision Name Birchwood
Tax Annual Amount 16471
Terms Cash Out, Conventional
Total Units 1
Units Below Grade false
Units In Building Total 20

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Power Production Type Electric

Exterior Features

Building Area Total 18040
Lot Size Acres 0.84
Lot Size Square Feet 36590
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 30
Total Parking 30
View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98225

Price
AVG $1.78M
$4.5M
Taxes
AVG $9,390
$16,471
Visits
AVG 51
27
Year Built
AVG 1937
1991
Walkscore
AVG 67
46
Data Provided by Walkscore ® not using MLS data

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