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Listed by Real Estate 2000 Inc.

$2,350,000

Est. payment - /mo

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0.73 Acres Lot

Active

2625 W Maplewood AVE Bellingham, WA 98225

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Whitney Johnson

whitney@unitedcountrynw.com +1(509) 240-6438

UPDATED:

10/16/2024 02:14 AM

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Birchwood

MLS Listing ID 2277382

Style 72 - Mobile Home Park

Year Built 1975

Lot Size 0.730 Acres

Property Description

Don't Miss Out On This Incredible Investment In The Rapidly Growing City Of Bellingham, WA! This 11-Unit Mobile Home Park Boasts A Gross Income Of $143,700 And A Net Income Of $111,960, With All Units Currently Rented Below Market Value. The Property Features 9 Mobile Spaces (5 Park-Owned) And A Rambler Duplex, All Connected To City Water And Sewer. Zoned For Multifamily Development, The Proforma Gross Rents Are Projected At An Impressive $178,800 Annually. With A Proforma Cap Rate Of 6.26% And A Net Income Of $147,060 After Increasing Rents And Billing Water, Sewer, And Garbage Costs Back To Tenants, This Is A Fantastic Opportunity You Won't Want To Miss!

Location

State WA

County Whatcom

Area 860 - Bellingham

Interior

Fireplace Yes

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

Whitney Johnson

2625 W Maplewood AVE Bellingham, WA 98225

Whitney Johnson

Key Details

Location

Interior

Building

Others

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