21 Unit Historic Apartment Building222 N Commercial St, Bellingham, WA 98225, USA
Sale Price: $2,750,000
Built in 1915, this historical apartment building is incredibly well located in the commercial core of downtown Bellingham. The building recently underwent capital improvements with new plumbing, electrical, and a recent TPO roof. The property features on-site parking which is rare for a historical downtown apartment building. This investment is leased well below market rents and should easily be able to perform at a 7% with minor cosmetic improvements.
The building resides within walking distance of the Mt. Baker Theatre , the public library, and the heart of downtown Bellingham. While only being a short drive from the waterfront. Providing a great location for anyone wishing to take part in the lively, urban aspects of Bellingham.