344 E Bellis Fair Pky - Apartments FOR SALE


Bellingham, WA 98226- North Bellingham
$1,599,000 USD
360-220-5113
344 E Bellis Fair Pky, Bellingham, WA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/41
null | 3.33% Cap Rate

344 E Bellis Fair Pky
Bellingham, WA 98226
North Bellingham


HIGHLIGHTS

  • Close to amenities
  • Near Community College
  • Near I-5

OVERVIEW

Turnkey 4-Plex near Whatcom Community College and Bellis Fair Mall - Prime Investment Opportunity! Located just steps from the grocery store and the major retail corridor of Bellingham, this property offers income and long-term upside potential. Each unit features 2 bedrooms and 2 bathrooms with spacious layouts, fireplace, updated appliances, designated parking, nearby bus lines and in-unit laundry. The private decks and patios offer an escape from the indoors. Strong rental history with less than 1% vacancy rate. Rents are currently under market value, and there are several ways to reduce expenses to increase NOI. This is a great opportunity in Bellingham's demanding rental market.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

4

PRICE/UNIT

$399,750

CAP RATE

3.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

344 E Bellis Fair Pkwy, Bellingham, WA 98226

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

PRM3.6

APN/PARCEL ID

380318-172480-0000

ASK ABOUT THIS PROPERTY

Ian StegerThe Muljat GroupMore Info
360-220-5113

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Ian StegerThe Muljat GroupMore Info
360-220-5113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.