2502 Douglas Ave

    Bellingham, WA 98225
    • $6,010,000
    • STATUS: Pending
    • ON SITE: 18 days
    • ID#: 1559514
    Under Contract
    UPDATED: 33 min ago
    $6,010,000
    • 0
      BEDS
    • 1.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,766
      SQFT
    • $358
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    Highly sought after 38 unit apartment complex walking distance to the college. Includes 3 buildings having been professionally managed and in very good condition. New roof on all buildings one year ago. Additional shop area that was laundry before w/dryers installed in units. Complex has virtually zero vacancy as rented on 1 year leases & always a waiting list. All apartments are 2 bedrooms with fireplaces & decks/patios. Across the street from a WWU park. Cap based on 2019 & has increased since

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-22T08:13:54.823.

    www.thekendratoddgroup.com/homes/102867266

    2502 Douglas Ave Bellingham, WA 98225

    • Price: $6,010,000
    • Status: Pending
    • Updated: 33 min ago
    • ID#: 1559514
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.54
    Acres
    16,766
    SQFT
    $358
    $/SQFT
    1983
    Built
    Neighborhood:
    Sehome
    County:
    Whatcom
    Area:
    Bellingham
    School District:
    Bellingham
    Property Description
    Highly sought after 38 unit apartment complex walking distance to the college. Includes 3 buildings having been professionally managed and in very good condition. New roof on all buildings one year ago. Additional shop area that was laundry before w/dryers installed in units. Complex has virtually zero vacancy as rented on 1 year leases & always a waiting list. All apartments are 2 bedrooms with fireplaces & decks/patios. Across the street from a WWU park. Cap based on 2019 & has increased since
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details CurbsPaved StreetSidewalk Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 60 Uncovered Spaces 60

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling BaseboardInsert Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 880 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 880 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 880 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 880 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 880 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 880 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Amenities Thermal Windows Bank Owned No Cap Rate 5.50 Electrical Expenses 1437 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 470661 Gross Rent Multiplier 13 Gross Scheduled Income 470661 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 10649 Leased Items None Lot Number 1 Net Operating Income 330533 New Construction YN No Other Expenses 67394 Possession Sub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Bellingham Site Features Cable TVDeckFenced-PartiallyHigh Speed InternetShop Tax Amount 36488 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 140128 Total Expenses TEX 140128 Total Monthly Income 41024 Unit1 Monthly Rent 1295 Unit2 Monthly Rent 1195 Unit3 Monthly Rent 1000 Unit4 Monthly Rent 1269 Unit5 Monthly Rent 1100 Unit6 Monthly Rent 1195 Vacancy Rate 0 Water Company City Of Bellingham Water Sewer Garbage 24160 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Kendra Todd Group at Keller Williams and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-02-22T08:13:54.823.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Windermere Real Estate Whatcom.