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3435 Redwood Ave
Bellingham, WA 98225
3435-3437 Redwood Avenue Bellingham WA 98225 · Multifamily Property For Sale
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16 Units
Property Facts
| No. Units | 16 | Building Size | 14,725 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2012 |
| Building Class | C | Parking Ratio | 2.72/1,000 SF |
| Lot Size | 0.73 AC | ||
| Zoning | URMX | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 14,725 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2012 |
| Parking Ratio | 2.72/1,000 SF |
| Zoning | URMX |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- 24 Hour Access
About 3435 REDWOOD AVE , BELLINGHAM, WA 98225
16 unit apartment complex just 4 minutes from the airport, 7 minutes from the mall, and close to the water. 14 units have remodeled interiors. Rents for 2020 set to increase by $100 per unit as contracts come due. .005% vacancy rate, 5.58% cap rate to increase this year. No turnovers expected at this time. Area set to be annexed into the city. Great investment opportunity. Alderwood Elementary school to be rebuilt by August 2021. Inquire about full offering packet for more info.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 15 | $1,200 | 950 |
| 1+1 | 1 | $750.00 | 475 |
Property Taxes
| Parcel Number | 380214-094055-0000 | Improvements Assessment | $2,097,817 |
| Land Assessment | $942,192 | Total Assessment | $3,040,009 |
Property Taxes
Parcel Number
380214-094055-0000
Land Assessment
$942,192
Improvements Assessment
$2,097,817
Total Assessment
$3,040,009
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