This location is a huge opportunity! Right in the heart of the Samish Way Opportunity Zone District you may be eligible for an 8-10 year tax abatement on the improvements. Great property for a 1031 Exchange. The property is currently rented, you could live in or rent out the existing house and potentially build a 4+ plex on the property, townhouses with ADU’s or take the house off and build a 21 unit apartment complex (see attached). Possible Owner Financing. Buyer to verify all information. For more info regarding the Opportunity Zone & Urban Village Plan visit the City of Bellingham planning website.
