Cambridge Apartments – Burlington, WA

  • $4,250,000
405 - 475 S Norris St, Burlington, WA, 98233
For Sale
Cambridge Apartments – Burlington, WA
405 - 475 S Norris St, Burlington, WA, 98233
  • $4,250,000

Overview

Property ID: 687920
  • Multi-Family
  • Property Type
  • For Sale
  • Listing Type
  • 14724
  • Building (sq ft)
  • 35284
  • Lot Size
  • 1991
  • Year Built
  • Multi-Family
  • Asset Class

Description

Cambridge Apartments #687920
Status: Pending
We are pleased to present Cambridge Apartments in Burlington, Washington. Constructed in 1991, this property features four, 4-unit buildings consisting of spacious 2-bedroom apartments. The property saw recent renovations in 2018 and is achieving near market rents. Each unit features vinyl plank flooring, washer and dryer, and dishwasher. There is an opportunity to further upgrade the interior to compete with newer construction in the area and achieve an increase in rental income. Cambridge Apartments offers residents a desirable neighborhood location while providing quick access to I-5 and other major thoroughfares. Everett is a 40-minute drive away and Bellingham is only 30 minutes from the complex. Burlington Highschool ,Westview Elementary, along with local grocery stores and restaur

Market Area: Skagit County
County: Skagit
Listing Type: For Sale
Asset Class: Multi-Family
General Zoning: RA-2
Cap Rate: 0
Year Built: 1991
Construction Type:
Floors: 2
Parking: 34  (Covered: 0 & Uncovered: 34)

Flyer:


Listing Courtesy of: Northmarq Commercial, LLC – Brendan Greenheck (#33461)

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.

Property Documents

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  • - 405 - 475 S Norris St
    Burlington, WA 98233
    USA
  • Skagit County
Properties with the CBA logo are listed by the Commercial Brokers Association.
Disclaimer: The information contained in this listing has not been verified by Muljat Group Inc. - Bellingham and should be verified by the buyer.

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