301 31st St., Bellingham, WA 98225

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301 31st St. Bellingham, WA 98225

Description

Cash flow! excellent 10 year history of low vacancy. Rare 84-unit apartment community within the wwu college rental district. Current occupancy is 99%! rental rates have increased over the past 5 years. Complex includes fitness area and outdoor pool. Well maintained & located apartment community. Priced at a 7. 0% cap, with comps at 5. 8% to 6. 6%.

Exterior Details

  • Lot Size
    Approximately 2.1 Acres, Approximately 91476 Square Feet
  • Construction
    Composition Roof
  • Pool
    Yes, In-Ground

School

  • General
    Bellingham

Utilites

  • Heating
    Baseboard Heater
  • Cable and Wiring
    Cable TV Available

Contact Info

Agent: Troy C Muljat

Muljat Group

P (360) 733-3030

Easy Link To This Page

$6,995,000

301 31st St.
Bellingham, WA 98225

Multi-Family Home

59388 Square Feet (approx.)

Year Built: 1979

ID#: 29020412

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Real Estate Market Info

Median Home Sale Price
$245,000
Annual Turnover Rate
31.25%
In current residence 5+ years
26.08%
Median years in residence
2.35
Homes Owned
39.61%
Homes Rented
58.70%
Homes Vacant
1.70%

*Based on zipcode 98225

Market Info is provided by Onboard Informatics.
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Information is deemed reliable but not guaranteed.