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c.2021:RE/MAX Whatcom County Inc. or Assignees

10 UNIT APARTMENT BUILDING Pending!

10 Unit Apartment Building - Columbia Neighborhood - Bellingham, WA. Single level apartments consisting of SIX 2 Bedroom and FOUR 1 Bedroom Units. Believe it or not, the rents truly are below market value. Current Actual Rent is $9, 325 per month. Market rent value should be in the $11, 700 - $13, 200 per month range. Current owners are out of state and did not want to increase the monthly rent. Laundry generates an additional $110 per month income. Desirably located in a predominately owner occupied neighborhood. So not lots of apartments in the surrounding area. Actual Cap rate is 5.5, with a proforma in the 7-8 Cap range. This is it - act quick. Possible Seller Terms - Owner Contract. Please do not Disturb the Tenants!
MLS#: 1823404
Unit: 
Price:  $1,895,000
Bedrooms: 
Baths:  0.00
Sq Ft:  7700 SF
Lot Size: 
Garage: 
Zoning: 
Subdivision: 
Year Built: 
Schools: 
Map location from available data. Location should be verified. Click map for interactive view.

RE/MAX Whatcom County Inc.

Keith Cook, ABR, BPOR, CDPE, CRS, FSP, SRES
913 Lakeway Dr
Bellingham, WA | 98229

Direct: (360) 739-5600
Office: 360-647-1313 x 3050

Keith Cook

Information herein deemed reliable but is not guaranteed. Interested parties should obtain independent property reports. Neither the listing broker nor the internet publisher shall be responsible for errors.