2500 Cornwall Avenue, Bellingham, WA 98226
- $2,050,000
- 6,625
- SqFt
Listing courtesy of WestCom Properties Inc..
- List Price
- $2,050,000
- Status
- PENDING
- MLS#
- 2428795
- Days on Market
- 723
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,625
- Area Total SqFt
- 6625
- Annual Tax Ammount
- 9858
- Lot Size (sq ft)
- 12,632
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
6 multi-family studio apartments, plus 3 commercial office spaces in this highly desirable location on the corner of Alabama and Cornwall Ave. It is currently fully occupied.
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Additional Information
- List Date
- 2024-09-25 20:13:11
- Community
- Bellingham
- Net Operating Income
- $124,130
- Gross Adjusted Income
- $164,742
- Gross Scheduled Income
- $173,413
- Total Monthly Income
- $11,736
- Insurance Expenses
- $4,990
- Water/Sewer/Garbage Expenses
- $11,808
- Gross Rent Multiplier
- 11.82
- Total Expenses
- $40,612
- Cap Rate
- 6.06
- Vacancy Rate
- 5
- Total Number of Units
- 9
- Unit Name
- 2500
- Potential Terms
- Conventional
- Year Built
- 2005
- Roof
- Composition
- Electric Expenses
- 227
- Other Expenses
- 13729
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $11,736
- Gross Scheduled Income
- $173,413
- Vacancy Rate
- 5
- Gross Adjusted Income
- $164,742
- Tax Year
- 2024
- Insurance Expense
- $4,990
- W/S/G Expenses
- $11,808
- Total Expenses
- $40,612
- Net Operating Income
- $124,130
- Gross Rent Multiplier
- 11.82
- Cap Rate
- 6.06
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.