$3,550,000

3435 Redwood Street

Bellingham – Bellingham, WA
This listing is provided by Bellwether Real Estate
  • 47 Years old, built in 1973
  • 56 - 10+ Units
  • 31,799 SQFT Lot size
  • $18,799 Taxes
16 unit apartment complex just 4 minutes from the airport, 7 minutes from the mall, and close to the water. 14 units have remodeled interiors. Rents for 2020 set to increase by $100 per unit as contracts come due. .005% vacancy rate, cap rate to increase this year. No turnovers expected at this time. Area set to be annexed into the city. Great investment opportunity. Alderwood Elementary school to be rebuilt by August 2021. Inquire about full offering packet for more info.

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Additional Details

  • 1550813 Listing ID

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Listing is presented by
Young Group Real Estate
Bellwether Real Estate