2724-2728 W Maplewood Ave - Apartments FOR SALE


Bellingham, WA 98225- North Bellingham
$9,180,000 USD
360-647-1313
2724-2728 W Maplewood Ave, Bellingham, WA for Sale
$9,180,000 USD
Apartments - FOR SALE
1/26
null | 6.72% Cap Rate

2724-2728 W Maplewood Ave
Bellingham, WA 98225
North Bellingham


HIGHLIGHTS

  • Stable Tenancy
  • Prime Location
  • Token Operated Laundry Facilities
  • Expansive Lot
  • 3 Bed/ 1 Bath Home on Property for use as Onsite Manager's Office/Residence

OVERVIEW

Bellingham 50 Apartment units plus a Large Office. Solid rental mix with 37 Two Bedroom, and 13 One Bedroom Units. 50% of the tenants have maintained occupancy for 5+ years. The buildings were constructed in phases ranging from 1961-1991. Building Sizes: 6 Unit, 14 Unit, 14 Unit, 16 Unit and Office. (50 Total units) 2 Coin-Op "tokens" Laundry Rooms, Building 2724 has W/D hookups. Crestwood Manor has been family owned and operated for 50+ years with the emphasis on clean, affordable and well maintained housing. Room for financial growth: bring rents to current market value and or updating.

FOR SALE DETAILS

PRICE

$9,180,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

51

PRICE/UNIT

$180,000

CAP RATE

6.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crestwood Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

RM2.5

APN/PARCEL ID

380213-147075-0000

ASK ABOUT THIS PROPERTY

Keith CookRE/MAX Whatcom County, Inc.More Info
360-647-1313

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Keith CookRE/MAX Whatcom County, Inc.More Info
360-647-1313

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.