820 32nd St - Apartments FOR SALE


Bellingham, WA 98225- Happy Valley
$16,950,000 USD
360-319-6351
820 32nd St, Bellingham, WA for Sale
$16,950,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

820 32nd St
Bellingham, WA 98225
Happy Valley


OVERVIEW

This well-maintained 57-unit apartment/townhouse complex (5 buildings) is in a high demand area, 1 mile from Western Washington University. Strong reliable rental history. Roofs replaced and exterior painted last 3 years; windows replaced with double pane. Units remodeled (countertops, cabinet faces, flooring fixtures, upgraded appliances). Full size washer/dryer in each unit. Rare opportunity: land is zoned for 27 additional units. 2 minutes from I/5, Historic Fairhaven, excellent shopping, and next to Joe’s Garden. All units have 2 bedrooms (53 – 850 sq ft units; 4 – 1,059 sq ft units; 4 – ADA features). Baths: 32 apts with 1 – ¾ bath; 21 townhouses with 1 – ½ bath; 4 apts with 1 large bath. Bellingham has high growth but limited new supply. Excellent income producing property. Property Video link https://youtu.be/oNbsnBclxFc

FOR SALE DETAILS

PRICE

$16,950,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

57

PRICE/UNIT

$297,368

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sehome Court Apartments and Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

RM1.0

APN/PARCEL ID

370306-236351-0000

ASK ABOUT THIS PROPERTY

Kevin GeraghtyWindermere Real Estate/Whatcom, Inc.More Info
360-319-6351

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Kevin GeraghtyWindermere Real Estate/Whatcom, Inc.More Info
360-319-6351

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