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SOLD 7/30/2021
Listing provided courtesy of Listing Broker: John Ramsey, Keller Williams Western Realty.
Source NWMLS.

2680 Alderwood Ave, Bellingham, WA 98225$4,000,000

2
beds
1
bath
18040
ft2
· 36590
ft2 lot
$222 / ft2

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Take advantage of an exceptional opportunity to own a 20 Unit apartment property in excellent Birchwood location, on bus line; minutes from shopping, airport, waterfront, downtown; no pet policy in place; tenants month to month; opportunity to own multi-family; rents currently under market; financials pro forma based on still under-market rent of $1250 per unit; lovingly and meticulously maintained by original builder/owner. Upside potential by bringing to market rates through professional management; Cap rate includes estimated professional management expenses. Each unit includes washer/dryer. May be capable of condominiumization (buyer to verify).

HOA

$—/month

On market

Year built

1991

Property type

56 10+ Units,Multi Family

Parking

30

MLS

1761649

Price / Sq.Ft.

$222 / ft2

Status

Sold

Home details for 2680 Alderwood Ave

Interior Features & Layout
Appliances
•   
Oven Unit 1
•   
Dishwasher Unit 1
•   
Washer Dryer Unit 1
•   
Refrigerator Unit 1
Heating & Cooling
•   
Heating Details: Baseboard, Wall
Flooring
•   
Flooring: Ceramic Tile, Vinyl, Wall to Wall Carpet
Bathrooms Info
•   
Unit 1 Baths: 1.00
•   
Unit 2 Baths: 0.00
•   
Unit 3 Baths: 0.00
•   
Unit 4 Baths: 0.00
•   
Unit 5 Baths: 0.00
•   
Unit 6 Baths: 0.00
Bedrooms Info
•   
Unit 1 Beds: 2
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Building: 20
Lot Info
•   
Zoning: Multi-Family
•   
Lot Size Source: Realist
•   
Zoning Type: City
Building Info
•   
Mls Prop Type: 56 - 10+ Units, Multi-Family
•   
Style: 56 - 10+ Units
•   
Roof: Composition
•   
Unit 1 Sqft: 902
•   
Number Stories: 2
Exterior Features
•   
Building Exterior Details: Metal/Vinyl
Parking Info
•   
Uncovered Spaces: 30
Property Type
•   
Mls Property Type: Multi-Family
Property Features
•   
Unit 1 Details: 1-20
Utilities & Other Information
Water & Sewer Info
•   
Water / Sewer / Garbage: 10144
•   
Sewer: Sewer Connected
Utilities
•   
Energy Source: Electric
Listing Details, Costs & Financing Information
Lease Info
•   
Monthly Rent Unit 1: 1250
•   
Gross Adjusted Income: 297000
Listing Details
•   
Sale Type: MLS
Listing Info
•   
Status: Sold
Tax/Assessment Info
•   
Apn: 3802131941820000
School Neighborhood & Directions
Location
•   
Directions: Take exit 257 from I-5; Continue south on Northwest Ave. Drive to Alderwood Ave; on left

Neighborhood snapshot

29
Properties for sale
6
Median days on market
$402.12
Median sold price/sqft
103.76%
Sold/List %
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walk score® :

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Property History for 2680 Alderwood Ave

07/30/2021
07/30/2021
NWMLS #1761649
sold
NWMLS #1761649
$4,000,000
--11.11%
05/19/2021
05/19/2021
NWMLS #1761649
pending
NWMLS #1761649
$4,500,000
05/04/2021
05/04/2021
NWMLS #1761649
active
NWMLS #1761649
$4,500,000
--6.25%
04/22/2021
04/22/2021
NWMLS #1761649
active
NWMLS #1761649
$4,800,000

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Courtesy of NWMLS
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