820 32nd ST Active Save Request In-Person Tour Request Virtual Tour
Bellingham,WA 98225
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 51,316 sqft
Price per Sqft $370
Subdivision Sehome
MLS Listing ID 2333623
Style 56 - 10+ Units
Bedrooms 114
Year Built 1988
Annual Tax Amount $52,463
Lot Size 1.930 Acres
Property Sub-Type Multi-Family
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).
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Flooring Vinyl,Carpet
Exterior
Exterior Feature Cement Planked,Wood
Amenities Available Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
View Y/N Yes
View City,Territorial
Roof Type Composition
Building
Lot Description Curbs,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Happy Vly Elem
Middle Schools Fairhaven Mid
High Schools Sehome High
School District Bellingham
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional
Virtual Tour https://www.windermere.com/listing/206705974