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2625 W Maplewood
Bellingham, WA 98225
Multifamily Property For Sale
·
3,700 SF
Executive Summary
Take advantage of this rare opportunity to own a high-performing 11-unit mobile home park in the desirable Bellingham market. Offering a solid 6% cap rate and low operating expenses, this property delivers strong, reliable returns with a net income exceeding $131,000 annually. The park features a well-balanced unit mix, including one duplex, five park-owned homes, and four space rents. This diversified setup provides multiple income streams while allowing for continued upside through rent adjustments or operational efficiencies. With low expenses and consistent cash flow, this is an ideal asset for investors seeking stability and long-term growth. Located in a high-demand area with limited affordable housing supply, the property benefits from strong occupancy trends and continued appreciation potential. Bellingham’s thriving economy, proximity to major employment hubs, and quality of life make this a highly attractive rental market. Whether you're expanding your portfolio or entering the mobile home park space, this investment offers both immediate income and future upside.
Property Facts
| Price Per Unit | $278,662 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.76 AC |
| Cap Rate | 5.99% | Building Size | 3,700 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 2.97/1,000 SF |
| Zoning | RM1.5 | ||
| Price Per Unit | $278,662 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| Sale Condition | Business Value Included |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 2.97/1,000 SF |
| Zoning | RM1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $915,977 CAD | |
| Land Assessment | $787,671 CAD | Total Assessment | $1,703,648 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$787,671 CAD
Improvements Assessment
$915,977 CAD
Total Assessment
$1,703,648 CAD
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