22-unit apartment complex in the heart of Bellingham. 6-2bd 1 bth, 15-1 bd 1 bth and 1 studio all with W/D and dishwashers. New siding, windows and sliders in 2018. 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 $40,000 potential income increase (w/out increasing rents) at moratorium end makes this perfect timing! Sound familiar? See MLS #1762937
Current Location
