511 Main Place

    Lynden, WA 98264
    • $688,000
    • STATUS: Pending
    • ON SITE: 40 days
    • ID#: 1538658
    Under Contract
    UPDATED: 50 min ago
    $688,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,462
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    Excellent investment opportunity in the heart of Lynden! This centrally located 4-plex is near schools & parks & has historically low vacancy rates with easy upside potential to increase rents in the future. The upstairs units have decks & the lower units have patios overlooking a nice partially fenced yard w/ beautiful green space behind. Open floor plans, adequate parking, a terrific opportunity! Take advantage of the awesome rental market & own a great investment in Lynden today! Sold as is.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-12-16T00:14:13.89.

    www.alchemyre.com/homes/100579415

    511 Main Place Lynden, WA 98264

    • Price: $688,000
    • Status: Pending
    • Updated: 50 min ago
    • ID#: 1538658
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,462
    SQFT
    $154
    $/SQFT
    1986
    Built
    Neighborhood:
    Lynden
    County:
    Whatcom
    Area:
    Lynden
    Elementary School:
    Fisher Elem
    Middle School:
    Lynden Mid
    High School:
    Lynden High
    School District:
    Lynden
    Property Description
    Excellent investment opportunity in the heart of Lynden! This centrally located 4-plex is near schools & parks & has historically low vacancy rates with easy upside potential to increase rents in the future. The upstairs units have decks & the lower units have patios overlooking a nice partially fenced yard w/ beautiful green space behind. Open floor plans, adequate parking, a terrific opportunity! Take advantage of the awesome rental market & own a great investment in Lynden today! Sold as is.
    Exterior Features

    Carport Spaces 0 Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details CurbsDead End StreetPaved StreetSidewalk Roof Composition Stories In Building 2 Style 54 - 4-Plex Total Parking Spaces 8 Uncovered Spaces 8 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 1.75 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit1 Washer Dryer N Unit2 Bathrooms 1.75 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 1.75 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit3 Washer Dryer Y Unit4 Bathrooms 1.75 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.39 Electrical Expenses 0 Energy Source Natural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 47100 Gross Rent Multiplier 16 Gross Scheduled Income 47100 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1694 Leased Items None Net Operating Income 30234 New Construction YN No Other Expenses 1359 Possession Closing Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Lynden Site Features Cable TVDeckFenced-PartiallyGas AvailableHigh Speed InternetPatio Tax Amount 4599 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 12408 Total Expenses TEX 12408 Total Monthly Income 3925 Unit1 Monthly Rent 1100 Unit2 Monthly Rent 975 Unit3 Monthly Rent 925 Unit4 Monthly Rent 925 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Lynden Water Sewer Garbage 4756 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-12-16T00:14:13.89.

     
    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Windermere Real Estate Whatcom.