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2233 Woburn Street

Bellingham, WA 98229
  • $3,200,000
  • STATUS: Pending
  • ON SITE: 47 days
  • ID#: 1762937
Under Contract
UPDATED: 122 min ago
$3,200,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Re/Max Whatcom County, Inc..

Description

20-unit apartment complex in the heart of Bellingham. 14-2bd 1 bth, 6-1 bd 1 bth all with washer/dryers and dishwashers. Study the rents, this prime location and solid building and it becomes apparent why its only had a few owners since built AND you will see a nice current upside potential along with the rocksteady performance. Opportunities like this are few and far between and only because owner is leaving the state is this available for the next beneficiary. All numbers are actual 2020 COVID moratorium numbers and it still shines! Approximate $30,000 potential income increase (without increasing rents) at moratorium end makes this perfect timing! Sound familiar? Check out MLS #1760039

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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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T00:14:08.067.

www.recordrre.com/homes/116494731
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2233 Woburn Street Bellingham, WA 98229

  • Price: $3,200,000
  • Status: Pending
  • Updated: 122 min ago
  • ID#: 1762937
0
Beds
0
Baths
0
½ Baths
0.68
Acres
1979
Built
Neighborhood:
Roosevelt
County:
Whatcom
Area:
Bellingham
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Bellingham
Property Description
20-unit apartment complex in the heart of Bellingham. 14-2bd 1 bth, 6-1 bd 1 bth all with washer/dryers and dishwashers. Study the rents, this prime location and solid building and it becomes apparent why its only had a few owners since built AND you will see a nice current upside potential along with the rocksteady performance. Opportunities like this are few and far between and only because owner is leaving the state is this available for the next beneficiary. All numbers are actual 2020 COVID moratorium numbers and it still shines! Approximate $30,000 potential income increase (without increasing rents) at moratorium end makes this perfect timing! Sound familiar? Check out MLS #1760039
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/VinylWood Products Open Parking Spaces 33 Open Parking YN Yes Parking Total 33 Parking Uncovered Spaces 33 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring LaminateCarpet Foundation Details Slab Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 230580 Insurance Expense 6989 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 144624 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckHigh Speed Internet Special Listing Conditions None Tax Annual Amount 19317 Tax Year 2021 Total Expenses 55549 Units In Building Total 20 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 23821 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 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 Engel & Völkers Federal Way 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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-13T00:14:08.067.

 
https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1762937-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1762937-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1762937-1.jpg
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Engel & Völkers Federal Way
2012 S. 320th St. Suite A
Federal Way WA, 98003
Listing Courtesy of Re/Max Whatcom County, Inc..