1920 Alabama Street
1920 Alabama Street
Bellingham, WA 98229
$1,300,000
Price
11
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Saratoga Commercial R.E.
Description
Well maintained 6 unit apartment building located minuets from Barkley village and downtown Bellingham. Recent capital improvements include a new roof and exterior paint. Current rents are well below market and leases are month to month, providing opportunity for immediate gross income increase. Fair market rent potential between $1500-$1800 per month for the five units that are 2 bed 1 bath and $1200-$1400 for the 1 bed/1 bath unit. This is a great opportunity for investors.Well maintained 6 unit apartment building located minuets from Barkley village and downtown Bellingham. Recent capital improvements include a new roof and exterior paint. Current rents are well below market and leases are month to month, providing opportunity for immediate gross income increase. Fair market rent potential between $1500-$1800 per month for the five units that are 2 bed 1 bath and $1200-$1400 for the 1 bed/1 bath unit. This is a great opportunity for investors.
- Listed by Amia Froese • Saratoga Commercial R.E.
Property Details for 1920 Alabama Street
Community Name
Bellingham
School DistrictBellingham
Number of Assigned Spaces12
Total Covered Parking0
Entry Date04-17-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Saratoga Commercial R.E.![]()
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LISTING UPDATED: 04/26/2024 04:34 PM
Property Details for 1920 Alabama Street
| Status | Active |
|---|---|
| MLS # | 2223526 |
| Days on Market | 14 |
| Cumulative Days on Market | 14 |
| Taxes | $9,000 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1975 |
| Lot Size | 0.33 AC / 14,400 SF |
| County | Whatcom County |
Location
Listing Courtesy of Saratoga Commercial R.E.![]()
Add your commute
Building Information for 1920 Alabama Street
Stories2Residences6Year Built1975Building Size-Lot Size0.33 AC / 14,400 SF
Payment Calculator
$7,845 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,095
Property Taxes
$750
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1920 Alabama Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 860 - Bellingham
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: GPS
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 7200
- Power Company: Puget Sound Energy
- Sewer Company: City of Bellingham
- Water Company: City of Bellingham
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: See Remarks
- Photos Count: 1
Lot Information
- Lot Size Source: Assessor
- Parcel Number Free Text: 380320426076
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 6
- Units Below Grade: false
Financing / Income and Expenses
- Electric Expense: $480
- Total Expenses: 21880
- Gross Adjusted Income: 114072
- Gross Rent Multiplier: 11
- Gross Scheduled Income: $117,600
- Insurance Expense: $2,700
- Net Operating Income: $92,192
- Other Expenses: $2,500
- Total Monthly Income: 0
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 876
- Rent Unit 1: $1,700.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 876
- Rent Unit 2: $1,700.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 876
- Rent Unit 3: $1,700.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 876
- Rent Unit 4: $1,700.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 876
- Rent Unit 5: $1,700.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 700
- Rent Unit 6: $1,300.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5256.0
- Leasable Area Units: Square Feet
Property History for 1920 Alabama Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1920 Alabama Street
Taxable ValueLand$450,120Additions$569,444Total$1,019,564
Tax Record2021$6,688 ($557 / month)
Home Facts
Total Finished SqFt5,256 SqFtAbove Ground SqFt5,256 SqFtLot Size14,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1975ZoningRM2L5CountyWHATCOMAPN380320 426076 0000
Schools near 1920 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 - | 2 to 9 |
Rating | School | Distance |
|---|---|---|
Roosevelt Elementary School PublicPK to 5 | ||
Kulshan Middle School Public6 to 8 | ||
Bellingham High School Public9 to 12 | ||
Whatcom Discovery Public2 to 9 |
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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Saratoga Commercial R.E.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.