2603 Elm St Bellingham, WA 98225 – Purnell Apartment

2603, Elm St, Bellingham, WA  98225

For Sale

Type
For Sale / Multi Family

Purnell Apartment (Status: Pending) 1500000

2603, Elm St, Bellingham, WA  98225

We are pleased to present the Purnell Apartments exclusively for sale. This classic, brick 9-unit apartment building features spacious and efficient units with open floor plans. The Purnell is comprised of 7 one-bedroom units and 2 studio units. Most units have private entrances in addition to access from the common areas. Located on a bus line in Bellingham’s charming Fountain District, the Purnell offers the new owner a fantastic value-add opportunity. Current rents are 10% below market as is. However, with extensive but cosmetic updates to the units, rents can easily be increased by upwards of 25-30%. The new buyer will have the first opportunity to purchase the newly remodeled adjacent rental house. Strong property management in place. Tax iD #: 3802245001410000; 3802245041410000

Listing Details

Asset Class: Multi-Family
Year Built: 1925
Building Total Square Feet: 6474
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: Urban Village

CBA

Listing Courtesy of: Capstone Commercial Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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