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3435 – 3437 Redwood Avenue

3435, Redwood Ave, Bellingham, WA 98225
$3,550,000

Description

3435 – 3437 Redwood Avenue (Status: New)

3435, Redwood Ave, Bellingham, WA  98225

16 unit apartment complex just 4 minutes from the airport, 7 minutes from the mall, and close to the water. 14 units have remodeled interiors. Rents for 2020 set to increase by $100 per unit as contracts come due. .005% vacancy rate, cap rate to increase this year. No turnovers expected at this time. Area set to be annexed into the city. Great investment opportunity. Alderwood Elementary school to be rebuilt by August 2021.
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Listing Details

Asset Class: Multi-Family
Year Built: 1973
Building Total Square Feet: 14725
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 40
Local Zoning Information:

CBA

Listing Courtesy of: Bellwether Real Estate

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 3435, Redwood Ave, Bellingham, WA 98225
  • City: Bellingham
  • State/county: WA
  • Zip/Postal Code: 98225
  • Neighborhood: Whatcom County
  • Country: United States

Detail

Updated on January 27, 2020 at 7:12 pm

  • Property ID: 621445
  • Price: $3,550,000.00/For Sale
  • Property Size: 14725 Sq Ft
  • Property Type: Multi-Family
  • Property Status: New

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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