2728 W Maplewood Ave
Bellingham WA 98225

Crestwood Manor Apartments

2728 W Maplewood Ave Bellingham WA 98225

Listing #: 688410 | Status: Available | Last Modified: 10/24/2024 |

For Sale
Keith Cook
  • Phone:(360) 739-5600
  • Email:RealEstate@BuyerMax.com
  • Office Name:RE/MAX Whatcom County, Inc.
  • Office Phone:(360) 647-1313
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 9,180,000.0
  • $/SF$ 222.8
  • $/Unit$ 9,180,000.0
  • Listing StatusAvailable
  • Days on Market9
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income831,310
  • Vacancy Factor %0.00%
  • Operating Expenses198,603
  • Net Operating Income632,707
  • CAP Rate 6.72 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 6.72 %
Building Information
  • Building StatusExisting
  • # of Buildings5
  • # of Floors2
  • # of Units50
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF42358
  • Net Rentable Area41202
  • Total Office SF1032
  • Largest Contiguous SF
  • Lot SF86249
  • Acres1.98
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building ClassB
Location
  • CountyWhatcom
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaWhatcom County
  • Tax ID #380213147075
  • Additional Parcels
  • ZoningRM
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces78
  • Total Parking Spots78
  • Parking Ratio
Construction
  • Year Built1980
  • Year Renovated2015
  • Completion Date
  • Roof Type
  • Construction TypeWood

Crestwood Manor Apartments 51 Units

Public Comments

Bellingham 50 Apartment units plus a 3 Bedroom Home (51 Units in Total) Onsite Managers occupy the house in exchange for managing the property. Solid rental mix with 37 Two Bedroom, and 13 One Bedroom Units. 50% of the tenants have maintained occupancy for 5+ years. The buildings were constructed in phases ranging from 1961-1991. Building Sizes: 6 Unit, 14 Unit, 14 Unit, 16 Unit and House. (51 Total units) 2 Coin-Op "tokens" Laundry Rooms, Building 2724 has W/D hookups. Crestwood Manor has been family owned and operated for 50+ years with the emphasis on clean, affordable and well maintained housing. Room for financial growth: bring rents to current market value and or updating.

Listing Images