Bought with Bellwether Real Estate
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2516 Cornwall AVE Bellingham, WA 98225
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $312
Subdivision Cornwall Park
MLS Listing ID 1352483
Sold Date 02/28/19
Style 55 - 5-9 Units
Year Built 1932
Annual Tax Amount $7,947
Lot Size 6,098 Sqft
Lot Dimensions 50X126
Property Sub-Type Multi-Family
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
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Fir/Softwood, Laminate Tile
Flooring Softwood, Laminate, See Remarks
Fireplace false
Exterior
Exterior Feature Stucco
Utilities Available Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
Amenities Available Cable TV, Gas Available, High Speed Internet
View Y/N Yes
View City, Territorial
Roof Type See Remarks
Building
Lot Description Alley, Curbs, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Whatcom Mid
High Schools Bellingham High
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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