This well-maintained fifty-seven-unit apartment/townhouse complex (five buildings) is in a high demand area, one mile from Western Washington University. Strong reliable rental history. Roofs replaced and exterior painted in the last three years; windows new with double pane. Units remodeled (countertops, cabinet faces, flooring fixtures, upgraded appliances). Full size washer/dryer in each unit. Rare opportunity: land is zoned for twenty-seven additional units. Two minutes from Interstate Five, Historic Fairhaven, excellent shopping, and next to Joe’s Garden. All units have two bedrooms (fifty-three – eight hundred fifty square foot units; four – one thousand fifty-nine square foot units; four – Americans with Disabilities Act features). Bathrooms: thirty-two apartments with one – three-quarters bath; twenty-one townhouses with one – half bath; four apartments with one large bath. Bellingham has high growth but limited new supply. Excellent income producing property.