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+13604225200
LCR
2625 W Maplewood Avenue, Bellingham, WA 98225
- $1,690,000
- 1,596
- SqFt
Listing Broker: Windermere RE Whatcom, Inc.; Lyle Sorenson; 360-927-8685; LyleSorenson@windermere.com
- List Price
- $1,690,000
- Status
- ACTIVE
- MLS#
- 2581492
- Days on Market
- 2
- Style
- 56 - 10+ Units
- Building Condition
- Average
- Finished SqFt
- 1,596
- Area Total SqFt
- 1596
- Annual Tax Ammount
- 9863.08
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 31,799
- Sewer
- Sewer Connected
Property Description
Opportunity Knocks. Affordable investment with a great return, this fully serviced 9 Unit Mobile Home Park plus an updated duplex in Bellingham is just minutes from schools, shopping, I-5 and the airport. 5 homes are park owned, 4 owners rent spaces and the 2 apartments are leased to provide a new owner with steady income at a 6.7% Cap Rate. Scheduled rent increases in November will boost the Cap to a generous 7%. Don't miss this rare opportunity to gain income and equity.
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Additional Information
- List Date
- 2026-10-01 07:10:13
- Community
- Birchwood
- Net Operating Income
- $113,694
- Gross Adjusted Income
- $162,060
- Gross Scheduled Income
- $162,060
- Total Monthly Income
- $13,505
- Insurance Expenses
- $850
- Water/Sewer/Garbage Expenses
- $12,780
- Gross Rent Multiplier
- 10.43
- Total Expenses
- $48,366
- Cap Rate
- 6.7
- Vacancy Rate
- 3
- Unit Name
- 2625
- Potential Terms
- Cash, See Remarks
- Year Built
- 1974
- View
- Territorial
- Roof
- Composition, Metal, Torch Down
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Electric Expenses
- 420
- Other Expenses
- 24452
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Total Monthly Income
- $13,505
- Gross Scheduled Income
- $162,060
- Vacancy Rate
- 3
- Gross Adjusted Income
- $162,060
- Tax Year
- 2026
- Insurance Expense
- $850
- W/S/G Expenses
- $12,780
- Total Expenses
- $48,366
- Net Operating Income
- $113,694
- Gross Rent Multiplier
- 10.43
- Cap Rate
- 6.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.