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820 32nd St
Bellingham, WA 98225
Sehome Court Apartments and Townhomes · Multifamily Property For Sale
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57 Units
Executive Summary
This well-maintained 57-unit apartment/townhouse complex (5 buildings) is in a high demand area, 1 mile from Western Washington University. Strong reliable rental history. Roofs replaced and exterior painted last 3 years; windows replaced with double pane. Units remodeled (countertops, cabinet faces, flooring fixtures, upgraded appliances). Full size washer/dryer in each unit. Rare opportunity: land is zoned for 27 additional units. 2 minutes from I/5, Historic Fairhaven, excellent shopping, and next to Joe’s Garden. All units have 2 bedrooms (53 – 850 sq ft units; 4 – 1,059 sq ft units; 4 – ADA features). Baths: 32 apts with 1 – ¾ bath; 21 townhouses with 1 – ½ bath; 4 apts with 1 large bath. Bellingham has high growth but limited new supply. Excellent income producing property. Property Video link https://youtu.be/oNbsnBclxFc
Property Facts Under Contract
| Price Per Unit | $339,500 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.93 AC |
| No. Units | 57 | Building Size | 51,360 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1988 |
| Apartment Style | Garden | ||
| Zoning | RM1.0 - Multi-Family one unit per 1,000 sq feet of land | ||
| Price Per Unit | $339,500 CAD |
| Sale Type | Investment |
| No. Units | 57 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.93 AC |
| Building Size | 51,360 SF |
| No. Stories | 3 |
| Year Built | 1988 |
| Zoning | RM1.0 - Multi-Family one unit per 1,000 sq feet of land |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- High Speed Internet Access
- Refrigerator
- Carpet
- Smoke Free
- Vinyl Flooring
Site Amenities
- Picnic Area
- Security System
- Recycling
- Smoke Free
- Storage Space
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,546 CAD | 850 |
| 2+1.5 | 21 | $2,573 CAD | 850 |
| 2+2 | 32 | $2,630 CAD | 850 - 1,056 |
Property Taxes
| Parcel Number | 370306-236351-0000 | Improvements Assessment | $8,053,768 CAD |
| Land Assessment | $2,479,226 CAD | Total Assessment | $10,532,995 CAD |
Property Taxes
Parcel Number
370306-236351-0000
Land Assessment
$2,479,226 CAD
Improvements Assessment
$8,053,768 CAD
Total Assessment
$10,532,995 CAD
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