About 820 32nd Street
This meticulously maintained 5 building, 57-unit apartment/townhouse complex has an outstanding 21+ year rental history. Unique expansion opportunity! Land is zoned for 27 additional units. New roofs, siding, and exterior paint in last 3 years; new double pane windows. All units beautifully remodeled (countertops, cabinet faces, flooring, fixtures) with upgraded appliances (full size washer/dryer in each unit). Conveniently located in a high demand area 1 mile from WWU; Minutes to Fairhaven ,Joe’s Garden & I-5. All units have 2 bedrooms (53-850 sq ft units; 4-1059 sq ft units; 4-ADA features; with 1-3/4 BA(32 apartments), 1-1/2 BA(21 townhouses),1 large BA(4 apartments). Excellent income producing property, CAP rate 4.9% (pro forma).
Features of 820 32nd Street
| MLS® # | 2333623 |
|---|---|
| Price | $17,950,000 |
| Bathrooms | 0.00 |
| Square Footage | 51,316 |
| Acres | 1.93 |
| Year Built | 1988 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 820 32nd Street |
|---|---|
| Area | 860 - Bellingham |
| Subdivision | Sehome |
| City | Bellingham |
| County | Whatcom |
| State | WA |
| Zip Code | 98225 |
Amenities
| Parking Spaces | 90 |
|---|---|
| View | City, Territorial |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior Features | Cement Planked, Wood |
|---|---|
| Lot Description | Curbs, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Bellingham |
|---|---|
| Elementary | Happy Vly Elem |
| Middle | Fairhaven Mid |
| High | Sehome High |
Additional Information
| Days on Market | 115 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate Whatcom |
|---|