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820 32Nd Street Bellingham, WA, United States 98225

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).

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Multi Family
  • Home size: 51,316 ft2 / 4,767.37 m2
  • MLS: 2333623
  • Web ID: TRTZTC
  • Status: Active

Property brokered by

Windermere Real Estate - Seattle

(206) 526-7730

Presented by Kevin Geraghty

Contact Kevin Geraghty

Contact Agent


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