617 Cherry St | Sumas, WA 98295
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- LoopNet Team
617 Cherry St
Sumas, WA 98295
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Turnkey mixed-use building located within a short walk to the Huntingdon Border Crossing and within close proximity to Bellingham.
- Opportunity for new ownership to achieve an additional 10% in monthly rental income by meeting achieved market rents.
- All residential units have been renovated since 2019 and common space between commercial and residential units has been renovated as well.
- Ability to achieve consistent additional monthly income through long term commercial tenants.
Property Facts
| No. Units | 4 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 6,448 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 3.17/1,000 SF |
| Zoning | BG - General commercial | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,448 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 3.17/1,000 SF |
| Zoning | BG - General commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 410434-508192-0000 | Improvements Assessment | $578,992 |
| Land Assessment | $30,402 | Total Assessment | $609,394 |
Property Taxes
Parcel Number
410434-508192-0000
Land Assessment
$30,402
Improvements Assessment
$578,992
Total Assessment
$609,394
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