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    2000 Alabama Street

    Bellingham, WA 98229
    • $1,600,000
    • STATUS: Pending
    • ON SITE: 80 Days
    • ID#: 1819509
    Under Contract
    UPDATED: 24 min ago
    $1,600,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,240
      SQFT
    • $256
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Re/Max Whatcom County, Inc..

    Description

    10-unit apartment building in the Roosevelt neighborhood, one of Bellingham's most prime rental districts. Building has been very well maintained. All but one unit has been updated and some more recent than others. 75% of the windows are new, new gutters with screens, exterior is freshly painted, plus cracked concrete in parking lot scheduled to be replaced. 4.8% CAP even with all units under market rental rates! Low maintenance, low expenses, low current rents means this investment will only get better. This is a fantastic property to add or start your investment portfolio.

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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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-25T00:14:56.247.

    www.alchemyre.com/homes/120104225
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    2000 Alabama Street Bellingham, WA 98229

    • Price: $1,600,000
    • Status: Pending
    • Updated: 24 min ago
    • ID#: 1819509
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    6,240
    SQFT
    $256
    $/SQFT
    1976
    Built
    Neighborhood:
    Roosevelt
    County:
    Whatcom
    Area:
    Bellingham
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Bellingham
    Property Description
    10-unit apartment building in the Roosevelt neighborhood, one of Bellingham's most prime rental districts. Building has been very well maintained. All but one unit has been updated and some more recent than others. 75% of the windows are new, new gutters with screens, exterior is freshly painted, plus cracked concrete in parking lot scheduled to be replaced. 4.8% CAP even with all units under market rental rates! Low maintenance, low expenses, low current rents means this investment will only get better. This is a fantastic property to add or start your investment portfolio.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Open Parking Spaces 14 Open Parking YN Yes Parking Total 14 Parking Uncovered Spaces 14 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Building Area Total 6240 Fireplace YN No Furnished Unfurnished Heating Cooling Type BaseboardRadiant Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Electric On Property YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 77096 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Puget Sound Energy Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Bellingham Special Listing Conditions None Tax Annual Amount 8832 Tax Year 2021 Units In Building Total 10 Utilities Sewer ConnectedElectricity Available Water Company City Of Bellingham Water Source Public Zoning Class Multi-Family

    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 Alchemy Real Estate 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 Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-25T00:14:56.247.

     
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    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Re/Max Whatcom County, Inc..