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🏢 Just listed — Apartment Building Multifamily for sale in Bellingham, WA.

📍 1011 21st St, Bellingham, WA
🏷  Apartment Building Multifamily · For Sale
💰 $8.40M

Multifamily | 19 Units

<ul><li>3.16% Assumable Debt Provides +5% Cash on Cash Return (Year 1)</li><li>Boost Income by 11.8% Year 1 by Implementing RUBS, Laundry and Parking</li><li>Well Maintained and in Excellent Condition</li><li>Historically Low Vacancy</li><li>Desirable

Full financials, photos, and broker contact:
https://commrty.com/property/washington/bellingham/the-tens-on-21st-street-2571004-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=the-tens-on-21st-street-2571004

#Bellingham #Multifamily #CommercialRealEstate #CRE #Investment

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Home/WA/Bellingham

1011 21st St

Bellingham, WA 98225

Asking Price

$8.40M

Asset Type

Apartment Building Multifamily

Class

Class B

What's Special

Multifamily | 19 Units <ul><li>3.16% Assumable Debt Provides +5% Cash on Cash Return (Year 1)</li><li>Boost Income by 11.8% Year 1 by Implementing RUBS, Laundry and Parking</li><li>Well Maintained and in Excellent Condition</li><li>Historically Low Vacancy</li><li>Desirable Large Unit Mix</li><li>Two Blocks from WWU Campus</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

0.95%

DSCR

0.16

Underwater

Cash-on-Cash

-16.62%

Monthly Payment

$41,558.617

Annual Cash Flow

$-418,703.402

Location & Travel Times

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Listed by Owner · For Sale