Great investment opportunity! $210K Net for all 20 units. $36,624 Commercial space rents. Total net income $246,624 = 7% cap! This is a 3-level, high-end building that will has 3,052 SF of commercial space, plus an additional 20 units. There will be 12 one-bedroom units and 8 two-bedroom units, and each will include granite, one underground parking space, and more. Building will have sprinkler system and elevator. Currently under construction with an estimated completion date of January 2015.
Off market
$6,138,700
2202 Mercedes Pl, Lynden, WA 98264
--beds
0baths
29,190sqft
MultiFamily
Built in 2014
-- sqft lot
$6,138,700 Zestimate®
$210/sqft
$2,091 Estimated rent