KW Mountains To Sound Realty
Alex Augustyn, KW Mountains To Sound RealtyPhone: (253) 266-4917
Email: [email protected]
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listing
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Listing Provided Courtesy of Real Estate 2000 Inc.
CommercialFor Sale
$2,350,000
2625 W Maplewood Avenue
Bellingham, WA 98225
Listing Provided by: NWMLS
Est. Mortgage
$12,230/mo

Don't Miss Out On This Incredible Investment In The Rapidly Growing City Of Bellingham, WA! This 11-Unit Mobile Home Park Boasts A Gross Income Of $143,700 And A Net Income Of $111,960, With All Units Currently Rented Below Market Value. The Property Features 9 Mobile Spaces (5 Park-Owned) And A Rambler Duplex, All Connected To City Water And Sewer. Zoned For Multifamily Development, The Proforma Gross Rents Are Projected At An Impressive $178,800 Annually. With A Proforma Cap Rate Of 6.26% And A Net Income Of $147,060 After Increasing Rents And Billing Water, Sewer, And Garbage Costs Back To Tenants, This Is A Fantastic Opportunity You Won't Want To Miss!

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