2000 Alabama St

—
Beds
—
Baths
6,240 Sq. Ft.
$238 / Sq. Ft.
6,240
Sq. Ft.
$238
per Sq. Ft.

Description

The apartment is a 10-Unit, 2-Story Building in the Roosevelt neighborhood, one of Bellingham's most populous rental districts. Built in 1976, it is comprised of mostly renovated and well-maintained 1-Bed, 1 Bath units all averaging 600 square feet. There is a mix of single and double pane windows, and brand-new screens and gutters have been installed. The exterior was painted in 2021, and the concrete in the parking lot was replaced in 2022. There is a current In-Place Cap Rate of 6.21% with additional...The apartment is a 10-Unit, 2-Story Building in the Roosevelt neighborhood, one of Bellingham's most populous rental districts. Built in 1976, it is comprised of mostly renovated and well-maintained 1-Bed, 1 Bath units all averaging 600 square feet. There is a mix of single and double pane windows, and brand-new screens and gutters have been installed. The exterior was painted in 2021, and the concrete in the parking lot was replaced in 2022. There is a current In-Place Cap Rate of 6.21% with additional upside opportunities and potential for higher rents.
  1. Listed by Peter D. Hiatt • Westlake Associates, Inc.
    P: (206)-505-9400 peterhiatt@westlakeassociates.com

Property Details for 2000 Alabama Street

Community Name
Roosevelt
School District
Bellingham
Number of Assigned Spaces
14
Total Covered Parking
0
Entry Date
04-19-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:46 AM

Property Details for 2000 Alabama Street

StatusSold
MLS #2057904
Days on Market71
Cumulative Days on Market71
Taxes$11,383 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.35 AC / 15,246 SF
CountyWhatcom County

Location

Listing Courtesy of Westlake Associates, Inc.

Sold By ZNonMember-Office-MLS

Add your commute

Building Information for 2000 Alabama Street

Stories2Residences10Year Built1976Building Size-Lot Size0.35 AC / 15,246 SF

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$8,414 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,465

Property Taxes

$949

HOA Dues

$0

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Property Information for 2000 Alabama Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 860 - Bellingham
  • Directions: From I-5, take exit 254. Right on Iowa St. Left on Pacific St. Right on Alabama St. Property will be on the right at corner of Alabama and Verona.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2022
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 14.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Hardwood, Vinyl Plank, Carpet
  • Features: Hardwood, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 9451
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 17
Lot Information
  • Lot Size Source: Whatcom County
  • Parcel Number Free Text: 3803204410770000
  • Calculated Square Footage: 6240
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6240.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 14
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 10
  • Units Below Grade: false
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 43873
  • Gross Adjusted Income: 149511
  • Gross Rent Multiplier: 16.09
  • Gross Scheduled Income: $157,380
  • Insurance Expense: $2,063
  • Net Operating Income: $105,638
  • Other Expenses: $20,976
  • Total Monthly Income: 13115
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6000.0
  • Leasable Area Units: Square Feet

Property History for 2000 Alabama Street

DateEvent & SourcePriceAppreciation
Sep 19, 2023

Sold

NWMLS #2057904

$1,482,500—
Sep 15, 2023

Sold (Public Record)

Public Record #1518729843

$1,482,500

-4.2% / yr

Jun 29, 2023

Pending

NWMLS #2057904

—
Apr 19, 2023

Listed (Active)

NWMLS #2057904

$1,700,000—
Dec 14, 2021

Sold

NWMLS #1819509

$1,600,000—
Dec 10, 2021

Sold (Public Record)

Public Record #1478708431

$1,600,000

+6.9% / yr

Sep 14, 2021

Pending

NWMLS #1819509

—
Aug 5, 2021

Listed (Active)

NWMLS #1819509

$1,525,000—
May 28, 2004

Sold (Public Record)

Public Record #140525187

$495,000—
May 28, 2004

Sold

NWMLS #24902634

$495,000—
Apr 23, 2004

Listed (Active)

NWMLS #24902634

$475,000—
DateEvent & SourcePrice
09/19/2023

Sold

NWMLS #2057904

$1,482,500
09/15/2023

Sold (Public Record)

Public Record #1518729843

$1,482,500

-4.2% / yr

06/29/2023

Pending

NWMLS #2057904

—
04/19/2023

Listed (Active)

NWMLS #2057904

$1,700,000
12/14/2021

Sold

NWMLS #1819509

$1,600,000
12/10/2021

Sold (Public Record)

Public Record #1478708431

$1,600,000

+6.9% / yr

09/14/2021

Pending

NWMLS #1819509

—
08/05/2021

Listed (Active)

NWMLS #1819509

$1,525,000
05/28/2004

Sold (Public Record)

Public Record #140525187

$495,000
05/28/2004

Sold

NWMLS #24902634

$495,000
04/23/2004

Listed (Active)

NWMLS #24902634

$475,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2000 Alabama Street

Taxable ValueLand$706,360Additions$820,977Total$1,527,337
Tax Record2025$12,491 ($1,041 / month)
Home Facts
Total Finished SqFt6,240 SqFtAbove Ground SqFt6,240 SqFtLot Size15,246 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976ZoningRM2L5CountyWHATCOMAPN380320 441077 0000

Schools near 2000 Alabama Street

This home is within Bellingham Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 5

Kulshan Middle School
Public6 to 8

Bellingham High School
Public9 to 12

Visions (Seamar Youth Center)
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:46 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.