2516 Cornwall Ave

    Bellingham, WA 98225
    • $1,595,000
    • STATUS: Pending
    • ON SITE: 137 days
    • ID#: 1352483
    Under Contract
    UPDATED: 53 min ago
    $1,595,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Bellwether Real Estate.

    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

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T18:15:58.86.

    www.kimberlygartlandgroup.com/homes/87046291

    2516 Cornwall Ave Bellingham, WA 98225

    • Price: $1,595,000
    • Status: Pending
    • Updated: 53 min ago
    • ID#: 1352483
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,800
    SQFT
    $332
    $/SQFT
    1932
    Built
    Neighborhood:
    Cornwall Park
    County:
    Whatcom
    Area:
    Bellingham
    Elementary School:
    Buyer To Verify
    Middle School:
    Whatcom Mid
    High School:
    Bellingham High
    School District:
    Bellingham
    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
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Construction Methods Standard Frame Exterior Stucco Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCurbsSidewalk Lot Dimensions 50X126 Roof See Remarks Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 5 Uncovered Spaces 5 View CityTerritorial

    Interior Features

    Floor Covering Fir/SoftwoodLaminate TileSee Remarks Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 539 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 588 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 341 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 813 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 517 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 420 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities BasementThermal Windows Bank Owned No Cap Rate 5.90 Electrical Expenses 368 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 118140 Gross Rent Multiplier 14 Gross Scheduled Income 118140 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4729 Leased Items None Net Operating Income 99340 New Construction YN No Other Expenses 1778 Possession Sub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Bellingham Site Features Cable TVGas AvailableHigh Speed Internet Tax Amount 7947 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 18800 Total Expenses TEX 18800 Total Monthly Income 9845 Unit1 Monthly Rent 1120 Unit2 Monthly Rent 1200 Unit3 Monthly Rent 975 Unit4 Monthly Rent 1500 Unit5 Monthly Rent 1200 Unit6 Monthly Rent 1150 Vacancy Rate 0 Water Company City Of Bellingham Water Sewer Garbage 3978 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T18:15:58.86.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Bellwether Real Estate.