Provided by NWMLS, Listed by Real Estate 2000 Inc.

Active

2625 W Maplewood Avenue

Bellingham WA, 98225

$2,350,000


Active

Commercial

Built in 1975

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!

2277382

MLS ID

August 13, 2024

Listed

November 26, 2024

Updated

Map

2625 W Maplewood Avenue
Bellingham WA, 98225

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.73 Acres


Sewer

Sewer Connected

Other Property Details

Area Name

860 - Bellingham


Garage

No


Parking Total

0


View

No


County

Whatcom


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/23/2024 at 12:00 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 12/23/2024 at 12:00 PM UTC 

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