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2603 Elm Street
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 679409
Property Type: Multi-Family
Status: Available
CBA ID#: 679409
Marketing Description:
Introducing an exceptional investment opportunity in Bellingham, Washington – PURNELL at 2603 Elm St. This meticulously maintained property features nine apartments and one single-family home, offering a total of 10 units with significant potential for growth. Located in the desirable Columbia neighborhood, the property boasts a charming setting within walking distance to downtown Bellingham and amenities. With historically high occupancy rates and majority of units already renovated, PURNELL presents a turnkey investment opportunity with near-market rents. The strategic corner lot spanning 8,712 square feet holds the potential for future expansion or development. Projections indicate a substantial rent increase in the coming years, making this an attractive long-term investment. Don't misLand Features:
- Lot Size: 4356 SqFt
- Lot Acreage: 0.1 Acres
- Zoning: RS5
Building Features:
- Building Size: 6774 SqFt
- Number of Floors: 2
- Cap Rate: 0.00%
- Construction: Brick, Concrete, Masonry, Wood
- Year Built: 1925
This Listing Supplied Courtesy of Berkadia Real Estate Advisors
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.