Bought with eXp Realty
$1,750,000
$1,850,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
2213 DeJong DR Lynden, WA 98264
5,863 SqFt
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,863 sqft
Price per Sqft $298
Subdivision Lynden
MLS Listing ID 2043011
Sold Date 06/09/23
Style 54 - 4-Plex
Construction Status Completed
Year Built 2022
Annual Tax Amount $9,926
Lot Size 0.310 Acres
Property Sub-Type Multi-Family
Property Description
Ultimate investment opportunity! New 4-plex recently finished and fully occupied designed by JWR design and constructed by West Coast Developers promising a great use of space & quality construction demanding top rent! (2) 3-bed units with single car garages & (2) 4-bed units with double car garages. Tenants pay all utilities. Property generates a GSI of $118k with low expenses resulting in a robust NOI of $100k and a healthy Cap Rate of 5.4%. Current numbers reflect a management fee of $6,035. If all self managed cap rate increases to 5.8%! 7" wide plank floors, presidential carpet, ductless mini splits providing AC & heat, sparkling white quartz counters, & Whirpool stainless appliances. Fully landscaped, patios, & a low maintenance yard.
Location
State WA
County Whatcom
Area 885 - Lynden
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stone
Amenities Available Cable TV, High Speed Internet, Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction Yes
Construction Status Completed
Schools
Elementary Schools Buyer To Verify
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
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.