Affordable Condo in Heart of Downtown
$250,000. Great condo in the heart of Bellingham! Close to the waterfront trails, to WWU, and to downtown Bellingham’s shopping and dining! Two bedrooms, one bath, nice kitchen, and a balcony off the living room! Secure building with an elevator and inner courtyard! No stairs to access condo via elevator. Comes with a parking spot! Pets okay, subject to rules.
4-Plex With Low Maintenance Profitability
$999,000. Newer 4-plex built in 2013, each unit has 3 bedrooms, 2.5 baths, with master suite on main floor, and a large flex space landing/family room/office upstairs along with 2 beds and a full bath upstairs. Washer & dryer in each unit. Powder room on the main floor. Lots of storage spaces. Laminate, tile and carpet flooring. Hardie siding! Low maintenance yard, and paved parking. Three units are currently rented at $1,500/month, setting the market rate. The 4th unit will be at the same rate when the lease is renewed in 2019. The projected cap rate based on new market rent is 6%.