Bought with Windermere Real Estate Whatcom
$7,207,000
$6,010,000
19.9%For more information regarding the value of a property, please contact us for a free consultation.
2502 Douglas AVE Bellingham, WA 98225
16,766 SqFt
Key Details
Sold Price $7,207,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,766 sqft
Price per Sqft $429
Subdivision Sehome
MLS Listing ID 1559514
Sold Date 07/31/20
Style 56 - 10+ Units
Year Built 1983
Annual Tax Amount $36,488
Lot Size 1.540 Acres
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
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Utilities Available Cable Connected, High Speed Internet, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially, High Speed Internet, Shop
View Y/N No
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157