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LCR
3333 Hollywood Avenue, Bellingham, WA 98225
- $1,350,000
Listing Broker: Saratoga Commercial R.E.; Amia Froese; ; Selling Office: RE/MAX Whatcom County, Inc..
- Sold Price
- $1,350,000
- List Price
- $1,800,000
- Status
- SOLD
- MLS#
- 2422759
- Closing Date
- Dec 12, 2025
- Days on Market
- 19
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 12580
- Lot Size (sq ft)
- 48,000
- Sewer
- Sewer Connected
Property Description
Well maintained 8-unit garden walk-up apartment building located across from Alderwood Elementary School in the Birchwood Neighborhood. The current leases are under market and on month-to-month tenancies, providing opportunity for immediate gross income increase. Proforma gross scheduled income does not include laundry funds. Amenities include onsite laundry room, garage/shop, bonus/recreation room, courtyard, onsite parking, and a large lot (1.1 acres).
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Additional Information
- List Date
- 2025-11-23 00:00:00
- Community
- Bellingham
- Net Operating Income
- $123,170
- Gross Adjusted Income
- $162,960
- Gross Scheduled Income
- $168,000
- Total Monthly Income
- $14,000
- Insurance Expenses
- $3,500
- Water/Sewer/Garbage Expenses
- $9,840
- Gross Rent Multiplier
- 10.71
- Total Expenses
- $39,790
- Cap Rate
- 6.7
- Vacancy Rate
- 3
- Total Number of Units
- 8
- Unit Name
- 3333
- Potential Terms
- Cash Out
- Year Built
- 1973
- Roof
- Composition
- Electric Expenses
- 4560
- Other Expenses
- 980
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $14,000
- Gross Scheduled Income
- $168,000
- Vacancy Rate
- 3
- Gross Adjusted Income
- $162,960
- Tax Year
- 2025
- Insurance Expense
- $3,500
- W/S/G Expenses
- $9,840
- Total Expenses
- $39,790
- Net Operating Income
- $123,170
- Gross Rent Multiplier
- 10.71
- 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.