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206-886-3986
Real Estate Company
2625 W Maplewood Avenue, Bellingham, WA 98225
Listing Broker: Windermere RE Whatcom, Inc.; Lyle Sorenson; 360-927-8685; LyleSorenson@windermere.com
- $1,690,000
- 1,596
- SqFt
- List Price
- $1,690,000
- Status
- ACTIVE
- MLS#
- 2581492
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1974
- Living Area
- 1,596
- Lot Size
- 31,799
- Acres
- 0.73
- Subdivision
- Birchwood
- Neighborhood
- Birchwood
- MLS Area Major
- Bellingham
Property Description
Opportunity Knocks. Affordable investment with a great return, this fully serviced 9 Unit Mobile Home Park plus an updated duplex in Bellingham is just minutes from schools, shopping, I-5 and the airport. 5 homes are park owned, 4 owners rent spaces and the 2 apartments are leased to provide a new owner with steady income at a 6.7% Cap Rate. Scheduled rent increases in November will boost the Cap to a generous 7%. Don't miss this rare opportunity to gain income and equity.
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Additional Information
- Exterior Features
- Metal/Vinyl, Stucco, Wood, Wood Products
- Property Description
- 56 - 10+ Units
- Flooring
- Laminate, Vinyl Plank, Carpet
- Heating
- Baseboard, Ductless, Forced Air, Wall Furnace
- Air Conditioning
- Ductless
- Roof
- Composition, Metal, Torch Down
- School District
- Bellingham
- View
- Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.