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2516 Cornwall Ave
Bellingham, WA 98225
Multifamily Property For Sale · 8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 4,800 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1932/2017 |
| Building Class | C |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1932/2017 |
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Grill
- Smoke Free
Site Amenities
- Laundry Facilities
- Pet Play Area
- Bicycle Storage
About 2516 Cornwall Ave , Bellingham, WA 98225
Art Deco Apartment: renovated with quality finishes.The newly renovated units are in high demand, Tenants are waitlisted, attracting young higher income professionals.Work included new kitchen cabinets, granite countertops, new stainless appliances. Bathrooms completely redone with new fixtures, toilets, sinks and shower stalls. Wood floors were stripped and polished. The work added years to the useful life of the building. An investor can expect relatively low maintenance,as all systems,appliances and cabinets are new. Rents are expected to increase annually at 3-5%. Vacancy is low and demand is high. Expenses ratios low due the remodel, and are similar to new construction.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,088 | 400 - 600 |
| 1+1 | 5 | $1,210 | 550 - 700 |
| 2+1 | 1 | $1,565 | 900 |
PROPERTY TAXES
| Parcel Number | 380319-310113-0000 | Improvements Assessment | $1,263,758 |
| Land Assessment | $540,144 | Total Assessment | $1,803,902 |
PROPERTY TAXES
zoning
| Zoning Code | RMF |
| RMF |
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