Sold

Listed by:

Peter D. Hiatt,

Westlake Associates, Inc.

Bought with: ZNonMember-Office-MLS

$1,482,500

2000 Alabama Street, Bellingham, WA 98229

--beds

--baths

6,240sqft

Multi Family

Built in 1976

-- sqft lot

$1,672,800 Zestimate^®

$238/sqft

$1,726 Estimated rent

Home value

$1,672,800

$1.47M - $1.91M

$1,726/mo

Zestimate^® history

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$1,726/mo

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$1,726/mo

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$8,718/mo

Est. payment

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$8,718/mo

Est. payment

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What's special

The apartment is a 10-Unit, 2-Story Building in the Roosevelt neighborhood, one of Bellingham's most populous rental districts. Built in 1976, it is comprised of mostly renovated and well-maintained 1-Bed, 1 Bath units all averaging 600 square feet. There is a mix of single and double pane windows, and brand-new screens and gutters have been installed. The exterior was painted in 2021, and the concrete in the parking lot was replaced in 2022. There is a current In-Place Cap Rate of 6.21% with additional upside opportunities and potential for higher rents.

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Hardwood, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 6,240
Total interior livable area: 6,240 sqft

Property

Parking

Total spaces: 14
Parking features: Open
Uncovered spaces: 14

Features

Patio & porch: Hardwood, Wall to Wall Carpet

Lot

Size: 0.35 Acres

Details

Parcel number: 3803204410770000
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Products
Roof: Composition

Condition

Year built: 1976

Utilities & green energy

Sewer: Sewer Connected

Community & neighborhood

Location

Region: Bellingham
Subdivision: Roosevelt

Other

Other facts

Listing terms: Conventional,See Remarks
Cumulative days on market: 934 days

Price history

Date	Event	Price
9/19/2023	Sold	$1,482,500-12.8%$238/sqft
Source: NWMLS as distributed by MLS GRID #2057904 Report a problem
6/29/2023	Pending sale	$1,700,000$272/sqft
Source: NWMLS as distributed by MLS GRID #NWM2057904 Report a problem
4/19/2023	Listed for sale	$1,700,000+6.3%$272/sqft
Source: NWMLS as distributed by MLS GRID #NWM2057904 Report a problem
12/14/2021	Sold	$1,600,000$256/sqft
Source: NWMLS as distributed by MLS GRID #1819509 Report a problem
9/16/2021	Pending sale	$1,600,000$256/sqft
Source: RE/MAX International #1819509 Report a problem