*Courtesy of Madrona Bay Realty
2516 2536 Douglas Ave
Bellingham, WA 98225
$17,995,000
Multi-Family
0 Beds
0.00 Baths
65088 SqFt
Active
This property is a 66 unit apartment complex in an ideal location within walking distance of WWU. 6 buildings with 11 units a piece, each comprised of 4- four bedroom units, 2- three bedroom units, 4- two bedroom units, and 1- one bedroom unit. Each unit includes a washer and dryer. All units are leased through August of 2018. Net annual operating income of $921,500= 5.12% CAP. ***Financing available - 3.7% P&I, 25 year amortization,fixed for 7 years, no points,3,2,1,1,1 prepay.
Listing Number: 1117912
Property Features
  • Community: Bellingham
  • View: Mountain
  • View: Territorial
  • Cable TV
  • Fenced-Partially
  • High Speed Internet
  • Patio
  • Exterior: Metal/Vinyl
  • Roof: Composition
  • Year Built: 2001
  • 2017 Taxes: $73599.00
Lot Details
  • Lot Size: 1.84 acres
  • Curbs
  • Paved Street
  • Secluded
  • Sidewalk
  • No. of Units: 66
Unit Details

Unit 1:
  • Description: 6
  • Bedrooms: 1
  • Bathrooms: 1.00
  • Sq. Ft: 475
  • Rent: $795
  • Fireplaces: 3
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 2:
  • Description: 24
  • Bedrooms: 2
  • Bathrooms: 1
  • Sq. Ft: 650
  • Rent: $995
  • Fireplaces: 12
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 3:
  • Description: 12
  • Bedrooms: 3
  • Bathrooms: 2
  • Sq. Ft: 1065
  • Rent: $1605
  • Fireplaces: 6
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y

Unit 4:
  • Description: 24
  • Bedrooms: 4
  • Bathrooms: 2
  • Sq. Ft: 1250
  • Rent: $2060
  • Fireplaces: 12
  • Washer/Dryer: Y
  • Range/Oven: Y
  • Refrigerator: Y
  • Dishwasher: Y
Interior
  • Baseboard
  • Electric
  • Natural Gas
Common Features
  • Thermal Windows
Schools
  • District: Bellingham
Call or Email:
Pat Lord
(206) 395-4584

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