Listing Provided Courtesy Of:
RE/MAX Whatcom County, Inc. and NWMLS
Address
2000 Alabama Street Bellingham, WA
Price
$ 1,600,000
Property Attributes
  • ID#1819509
  • TypePending
  • CountyWHATCOM
  • CityBellingham
  • AreaBellingham
  • NeighborhoodRoosevelt
  • Zip98229
  • Style10+ Units
  • Year Built1976
  • Taxes$ 8832
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6240
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
RE/MAX Whatcom County, Inc. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

10-unit apartment building in the Roosevelt neighborhood, one of Bellingham's most prime rental districts. Building has been very well maintained. All but one unit has been updated and some more recent than others. 75% of the windows are new, new gutters with screens, exterior is freshly painted, plus cracked concrete in parking lot scheduled to be replaced. 4.8% CAP even with all units under market rental rates! Low maintenance, low expenses, low current rents means this investment will only get better. This is a fantastic property to add or start your investment portfolio.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
8/5/2021 Listed $1,525,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Bellingham
County Whatcom
Directions From I-5 take exit 254. Right on Iowa St. Left on Pacific St. Right on Alabama. Property will be on your Right at corner of Alabama and Verona.
Elementary School Buyer To Verify
Exterior Features Wood Products
High School Buyer To Verify
High School District Bellingham
Insurance Expense 3527
Leasable Area 6240
Lot Size Square Feet 15246
MLS Area 860 - Bellingham
Middle/Junior High School Buyer To Verify
Net Operating Income 77096
New Construction No
Open Parking Spaces 14
Possession Closing
Possible Use Multi-Family
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name Alabama
Structure Type Multi Family
Subdivision Name Roosevelt
Tax Annual Amount 8832
Tax Year 2021
Terms Cash Out, Conventional
Total Units 10
Units Below Grade false
Units In Building Total 10
Utilities Sewer Connected, Electricity Available
Water Company City of Bellingham
Water Sewer Garbage 7500
Year Built 1976
Zoning Class Multi-Family

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 6240
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 0.35
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 14
Total Parking 14
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98229

Price
AVG $550K
$1.6M
Taxes
AVG $2,895
$8,832
Visits
AVG 49
62
Year Built
AVG 1986
1976
Walkscore
AVG 24
64
Data Provided by Walkscore ® not using MLS data

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