Bought with Coldwell Banker Bain
$3,317,885
$3,425,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
3435 Redwood AVE Bellingham, WA 98225
0.73 Acres Lot
Key Details
Sold Price $3,317,885
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bellingham
MLS Listing ID 1712637
Sold Date 01/04/21
Style 56 - 10+ Units
Year Built 1973
Annual Tax Amount $18,799
Lot Size 0.730 Acres
Property Sub-Type Multi-Family
Property Description
16 units located directly across from the new Alderwood Elementary School scheduled for completion in August of 2021. Owner managed, zero vacancy, with 11 of the 16 units on month to month leases to long term tenants. Lots of upside by bringing this property to market rents thru professional management. Townhouse style units with 14 of the 16 units recently updated. City of Bellingham is reviewing annexing the property into the City. Strong 6% cap stabilized with projected rents.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Sewer Connected, Electric
View Y/N No
Roof Type Torch Down
Building
Sewer Sewer Connected
New Construction No
Schools
School District Bellingham
Others
Acceptable Financing Conventional
Listing Terms Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.