Listing Broker: John L. Scott, Inc; Jonathan D. Bye; 253-852-9200; [email protected]
$2,100,000
Welcome to the Avalon! An appealing multifamily investment opportunity located at 201 N Commercial Street in Bellingham, Washington. Originally built between 1900 and 1906, the property is a two-story, sixteen-unit apartment community located in downtown Bellingham. Built as ten large flats, the Bellingham Herald described the building as “the leading… Read More fashionable apartment house in the city and the most modern.” Tenants enjoy nine-foot ceilings throughout all units, with ample natural light provided by large windows in nearly every room. The original fir siding remains in excellent condition, contributing to the historic charm of the property. The property unit mix consists of two studios with approximately 400 square feet, eight one-bedrooms averaging approximately 600 square feet, and six two-bedrooms averaging approximately 930 square feet. All units retain their original trim, and many retain original fir flooring that’s been repainted over time. Some units have been upgraded with baseboard heat, and all units have radiator heat served by a steam boiler in the basement. There is no known knob-and-tube wiring, and Square D electrical panels supply electricity to the units. Supply lines have been replaced with pex plumbing in nearly all units. The Avalon offers excellent price-per-pound metrics of $140,625 per unit and $201 per foot, not including the large basement. The Avalon provides an excellent, risk-adjusted income stream with room for growth in the long term. Read Less
Listing Broker: John L. Scott, Inc; Jonathan D. Bye; 253-852-9200; [email protected]
Listing Snapshot | Source HomeJunction
Cumulative Days Active
77
Last Updated
Property Type
Multi Family
Square Ft.
11,180
Lot Size
0.15 Acres
Year Built
1900
Property Tax
$21,170
MLS Number
2553317
Additional Details | Source HomeJunction
Building
Built in 1900, 2 stories, Construction Materials: Wood
Cooling
None
Expenses
Electric: $7,760, Fuel: $13,938, Insurance: $17,027, Other Expense: $43,466
Exterior Features
Wood, Wood Products
Floors
Laminate, Softwood, Vinyl
Heating
Radiator, Recirculation Pump
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $267,701, Net Operating Income: $151,056
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service.
The listings presented here may or may not be listed by Wesley Lau. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The "three tree" icon indicates listings provided by Northwest Multiple Listing Service. The listings presented here may or may not be listed by Iolanthe Chan-McCarthy. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. Listings last updated on
Confirm your time
Fill in your details and we will contact you to confirm a time.