2516 Cornwall Avenue, Bellingham, WA 98225
- $1,500,000
- 4,800
- SqFt
Listing courtesy of Bellwether Real Estate. Selling Office: Bellwether Real Estate.
- Sold Price
- $1,500,000
- List Price
- $1,595,000
- Status
- SOLD
- MLS#
- 1352483
- Closing Date
- Feb 28, 2019
- Days on Market
- 229
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 4,800
- Area Total SqFt
- 4800
- Annual Tax Ammount
- 7947
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Stable income stream from this amazing turn key investment property. Nearly 100K in net operating income providing a 6.23% Cap rate. Every unit re-done with new kitchens and baths and granite counters, new appliances, and cabinets. Gorgeous fir flooring. , absolutely amazing character. Sought after building with zero vacancy. Income of just under 10K per month. All units are leased. New TPO roof, plumbing and electrical upgrades. Sit back and enjoy the cash flow. GREAT VALUE/100% TURN KEY
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Additional Information
- List Date
- 2018-07-14 00:00:00
- Community
- Cornwall Park
- Net Operating Income
- $99,340
- Gross Adjusted Income
- $118,140
- Gross Scheduled Income
- $118,140
- Total Monthly Income
- $9,845
- Insurance Expenses
- $4,729
- Water/Sewer/Garbage Expenses
- $3,978
- Gross Rent Multiplier
- 14
- Total Expenses
- $18,800
- Cap Rate
- 5.9
- Total Number of Units
- 8
- Unit Name
- 2516
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1932
- View
- City, Territorial
- Roof
- See Remarks
- Site Features
- Cable TV, Gas Available, High Speed Internet
- Electric Expenses
- 368
- Other Expenses
- 1778
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $9,845
- Gross Scheduled Income
- $118,140
- Gross Adjusted Income
- $118,140
- Tax Year
- 2018
- Insurance Expense
- $4,729
- W/S/G Expenses
- $3,978
- Total Expenses
- $18,800
- Net Operating Income
- $99,340
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.9
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