Don't Miss Out On This Incredible Investment In The Rapidly Growing City Of Bellingham, WA! This 11-Unit Mobile Home Park Boasts A Gross Income Of $143,700 And A Net Income Of $111,960, With All Units Currently Rented Below Market Value. The Property Features 9 Mobile Spaces (5 Park-Owned) And A Rambler Duplex, All Connected To City Water And Sewer. Zoned For Multifamily Development, The Proforma Gross Rents Are Projected At An Impressive $178,800 Annually. With A Proforma Cap Rate Of 6.26% And A Net Income Of $147,060 After Increasing Rents And Billing Water, Sewer, And Garbage Costs Back To Tenants, This Is A Fantastic Opportunity You Won't Want To Miss!
|
DAYS ON MARKET
|
79
|
LAST UPDATED
|
8/13/2024
|
|
TRACT
|
Birchwood
|
YEAR BUILT
|
1975
|
|
COMMUNITY
|
Birchwood
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COUNTY
|
Whatcom
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AREA |
860 - Bellingham |
| HEAT |
None |
| LOT |
0.73 acre(s) |
| STYLE |
72 - Mobile Home Park |
| SUBDIVISION |
Birchwood |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/30/24 12:18 PM PDT. 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.
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