2625 W Maplewood AVE Active Save Request In-Person Tour Request Virtual Tour
Bellingham,WA 98225
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Birchwood
MLS Listing ID 2277382
Style 72 - Mobile Home Park
Year Built 1975
Lot Size 0.730 Acres
Property Description
Don't Miss Out On This Incredible Investment In The Rapidly Growing City Of Bellingham, WA! This 11-Unit Mobile Home Park Boasts A Gross Income Of $143,700 And A Net Income Of $111,960, With All Units Currently Rented Below Market Value. The Property Features 9 Mobile Spaces (5 Park-Owned) And A Rambler Duplex, All Connected To City Water And Sewer. Zoned For Multifamily Development, The Proforma Gross Rents Are Projected At An Impressive $178,800 Annually. With A Proforma Cap Rate Of 6.26% And A Net Income Of $147,060 After Increasing Rents And Billing Water, Sewer, And Garbage Costs Back To Tenants, This Is A Fantastic Opportunity You Won't Want To Miss!
Location
State WA
County Whatcom
Area 860 - Bellingham
Building
Sewer Sewer Connected
Water Public
Others
Acceptable Financing Cash Out
Listing Terms Cash Out