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
- Phone:(360) 739-5600
- Email:RealEstate@BuyerMax.com
- Office Name:RE/MAX Whatcom County, Inc.
- Office Phone:(360) 647-1313
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 9,180,000.0
- $/SF$ 222.8
- $/Unit$ 9,180,000.0
- Listing StatusAvailable
- Days on Market9
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income831,310
- Vacancy Factor %0.00%
- Operating Expenses198,603
- Net Operating Income632,707
- CAP Rate 6.72 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.72 %
- 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 TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyWhatcom
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWhatcom County
- Tax ID #380213147075
- Additional Parcels
- ZoningRM
- # Covered Spaces0
- # Uncovered Spaces78
- Total Parking Spots78
- Parking Ratio
- Year Built1980
- Year Renovated2015
- Completion Date
- Roof Type
- Construction TypeWood
Crestwood Manor Apartments 51 Units
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.
