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Listed by:Coldwell Banker Bain • Nav Narwal
$ 2,200,000
Est. payment | /mo
2 Beds
1 Bath
1,596 SqFt
$ 2,200,000
Est. payment | /mo
2 Beds
1 Bath
1,596 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,596 sqft
Price per Sqft $1,378
Subdivision Birchwood
MLS Listing ID 2500339
Style 56 - 10+ Units
Bedrooms 2
Year Built 1974
Annual Tax Amount $9,462
Lot Size 0.730 Acres
Property Sub-Type Multi Family
Property Description
Take advantage of this rare opportunity to own a high-performing 11-unit mobile home park in the desirable Bellingham market. Offering a solid 6% cap rate and low operating expenses, this property delivers strong, reliable returns with a net income exceeding $131,000 annually. The park features a well-balanced unit mix, including one duplex, five park-owned homes, and four space rents. This diversified setup provides multiple income streams while allowing for continued upside through rent adjustments or operational efficiencies. With low expenses and consistent cash flow, this is an ideal asset for investors seeking stability and long-term growth. Located in a high-demand area with limited affordable housing supply, the property benefits from strong occupancy trends and continued appreciation potential. Bellingham's thriving economy, proximity to major employment hubs, and quality of life make this a highly attractive rental market. Whether you're expanding your portfolio or entering the mobile home park space, this investment offers both immediate income and future upside.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood Products
View Y/N No
Roof Type Composition,See Remarks
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bellingham
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634