Description
Woburn Apartments is a 20-unit, 2-story complex located in the heart of Bellingham, WA. The offering consists of classic and renovated apartment homes comprised of 14 two- bedroom and 6 one-bedroom floorplans that include in-unit washer and dryers, fireplaces, balconies and patios, and vinyl flooring. In place 5.70% Cap Rate with additional upside opportunities with full implementation of utility bill back brings it to a market Cap Rate of 6.34%. The rental survey demonstrates market rents of $1,800 for the 2 bedrooms, with potential to push further with additional upgrades. The building itself is situated at the center of a picturesque area that offers a rich variety of recreational, cultural, educational, and economic activities.
Location
Similar Listings
MLS# NWM2005307
ACTIVE
$28,000,000
Listing Agent: Peter C. Hayes
Courtesy of: Coldwell Banker Bain
MLS# NWM1911304
ACTIVE
$26,000,000
6 Beds
7 Baths
Listing Agent: Carmen Gayton
Courtesy of: Windermere Real Estate Co.
MLS# NWM2014137
ACTIVE
$25,000,000
3 Beds
6 Baths
Listing Agent: Moira E Holley
Courtesy of: Realogics Sotheby's Int'l Rlty
MLS# NWM1857742
ACTIVE
$21,000,000
Listing Agent: Lauren Hendricks
Courtesy of: Windermere Real Estate Midtown
MLS# NWM2014561
ACTIVE
$19,950,000
Listing Agent: Thomas Schrader
Courtesy of: RE/MAX Parkside Affiliates
MLS# NWM1971783
PENDING
$18,700,000
5 Beds
8 Baths
Listing Agent: Karl Lindor
Courtesy of: Windermere Real Estate/East
MLS# NWM2043471
ACTIVE
$18,500,000
4 Beds
6 Baths
Listing Agent: Tere Foster
Courtesy of: COMPASS
MLS# NWM1767376
ACTIVE
$18,500,000
Listing Agent: Jeff Hopwood
Courtesy of: Windermere Real Estate Whatcom
MLS# NWM1893616
ACTIVE
$16,900,000
5 Beds
11 Baths
Listing Agent: Christi Clark
Courtesy of: Coldwell Banker Bain
MLS# NWM1954800
PENDING
$16,000,000
Listing Agent: David W. Irons
Courtesy of: Coldwell Banker Bain
MLS# NWM2026102
ACTIVE
$15,880,000
Listing Agent: Galya Kirstine
Courtesy of: Real Residential
MLS# NWM2028015
PENDING
$15,500,000
Listing Agent: Alan Wileman
Courtesy of: Pacific Crest
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Joseph Kinkopf Courtesy of: Westlake Associates, Inc. The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 22nd March, 2023 5:44 AM (UTC)
