The Alamo Apartments is a 44-unit market-rate multifamily asset situated on .16 acres off I-5 on E Maple St in Bellingham. The asset is one block from Bellingham’s CBD and is listed for the first time since development. The Pro Forma income stream post-renovation is projected to yield a total annual return of nearly 10%. Located in the hub of all Bellingham has to offer, residents enjoy an efficient and affordable living situation without sacrificing location. The property has an estimated upside of $407/mo per unit in rents, $93/mo upside in RUBS and other fees, and received a “Walker’s Paradise” notation and a walk score of 94. The sale also includes the adjacent parcel to the North (vacant) (see additional taxID 3803311985410000)
