Bought with Keller Williams Western Realty
$3,200,000
$3,400,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
1905 1907 N Prairie LN Lynden, WA 98264
16,390 SqFt
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,390 sqft
Price per Sqft $195
Subdivision Lynden
MLS Listing ID 1718486
Sold Date 02/16/21
Style 56 - 10+ Units
Year Built 2019
Annual Tax Amount $16,772
Lot Size 0.890 Acres
Property Sub-Type Multi-Family
Property Description
Great opportunity to purchase 11 townhouse style apartments in the desirable Lynden rental market. The offering includes two buildings, a six unit bldg and five unit bldg each on their own parcel which could be sold separately in the future. Quality built by Pacific Edge Builders in 2019, all aspects of the bldgs are like new with little to no vacancy or maintenance costs. Each unit features approx 1,224 sf, 3 bed 2.5 bath w/ with a single car garage and two designated parking stalls. Higher end finishes incl durable laminate plank flooring throughout, dishwasher & W/D in each unit, and stainless steel appliances. Easy to lease, turn key and fully stabilized investment at 100% occupancy. Cap rate includes professional management expenses.
Location
State WA
County Whatcom
Area 885 - Lynden
Interior
Interior Features Central A/C, Ductless HP-Mini Split
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially, Patio
View Y/N Yes
View Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Dead End Street, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Vossbeck Elem
Middle Schools Lynden Mid
High Schools Lynden High
School District Lynden
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.