Bought with Windermere Prof Partners
$1,125,000
$1,150,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
7 Baths
3,752 SqFt
SOLD DATE : 02/28/2025
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,752 sqft
Price per Sqft $299
Subdivision Lynden
MLS Listing ID 2322702
Sold Date 02/28/25
Style 54 - 4-Plex
Bedrooms 9
Year Built 2003
Annual Tax Amount $5,738
Lot Size 0.310 Acres
Lot Dimensions 15' x 89'
Property Sub-Type Multi-Family
Property Description
Rare 6+% cap rate on this well-maintained 4-plex in a cute Lynden neighborhood! Featuring a 3-bed house + triplex on a single corner lot, this unique opportunity combines a strong financial profile with a great location. Generating over $91k GSI + $69k NOI, this property offers robust cash flow on top of future appreciation. Triplex units are all 2-bed/2-bath + have been remodeled/updated in the last year. All units have own laundry + 1-car garage. Triplex updates include flooring, paint, appliances, and counters. Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate! Presents a tremendous 1031 option as well!
Location
State WA
County Whatcom
Area 885 - Lynden
Interior
Interior Features Laminate, Wall to Wall Carpet
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
Amenities Available Cable TV
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Fisher Elem
Middle Schools Lynden Mid
High Schools Lynden High
School District Lynden
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA
Listing Terms Cash Out, Conventional, FHA
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