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
Off market
$1,935,400
2516 Cornwall Ave, Bellingham, WA 98225
5beds
6baths
4,800sqft
MultiFamily
Built in 1932
-- sqft lot
$1,935,400 Zestimate®
$403/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Heating
- Baseboard
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Flooring: Tile, Hardwood, Laminate
Interior area
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 8
Features
- Exterior features: Stucco
- Has view: Yes
- View description: City
Lot
- Size: 6,098 sqft
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1932
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Bellingham
Other
Other facts
- Property type: MULT
- Range/oven1: Y
- Range/oven2: Y
- Range/oven3: Y
- Range/oven4: Y
- Range/oven5: Y
- Range/oven6: Y
- Foundation: Poured Concrete
- Sewer: Sewer Connected
- Building condition: Very Good
- Possesion: Sub. Tenant's Rights
- Water source: Public
- Energy source: Electric
- General zoning: Multi-Family, Residential
- View: Territorial
- Potential terms: Conventional, Cash Out
- Form 17: Not Provided
- Amenities: Thermal Windows
- Style: 55 - 5-9 Units
- Roof: See Remarks
- Site features: Gas Available
- Floor covering: See Remarks
- Lot details: Alley, Curbs, Sidewalk
- Bathrooms1: 1.00
- Bathrooms2: 1.00
- Bathrooms3: 1.00
- Bathrooms4: 1.00
- Bathrooms5: 1.00
- Bathrooms6: 1.00
- Offers: Reviewed on receipt
Services availability

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