Prepared by https://www.commercialmls.com
Crestwood Manor Apartments
2728 W Maplewood Ave Bellingham WA 98225
Listing #: 688410 | Status: Available | Last Modified: 10/24/2024
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 831,310 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 198,603 |
| Net Operating Income | 632,707 |
| CAP Rate | 6.72 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.724 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 5 |
| # of Floors | 2 |
| # of Units | 50 |
| Total Building SF | 42,358 SF |
| Net Rentable Area | 41,202 SF |
| Total Office SF | 1,032 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 86,249 SF |
| Acres | 1.98 |
| Year Built | 1980 |
| Year Renovated | 2015 |
| Construction Type | Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | Whatcom |
| Market Area | Whatcom County |
| Tax ID # | 380213147075 |
| Zoning | RM |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 78 |
| Total Parking Spots | 78 |
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.
Crestwood Manor Apartments
2728 W Maplewood Ave Bellingham WA 98225
Listing #: 688410 | Status: Available | Listing Date: 10/21/2024 | Last Modified: 10/24/2024 | Email Listing
For Sale
Crestwood Manor Apartments
