Great investment opportunity! Net Operating Income of $196,050 = 5.9% cap! This is a 3-level, high-end building that has 21,398 SF and includes 8 two bedroom units, 7 one bedroom units & 3 studio units; each unit includes washer/dryer and more. Also includes on main level will be 16 large storage units, 18 small storage units & small commercial space. Building has sprinkler system, elevator and 45 parking spaces. Residential units fully leased!
Off market
$5,687,300
2240 Mercedes Dr, Lynden, WA 98264
--beds
0baths
21,398sqft
MultiFamily
Built in 2017
-- sqft lot
$5,687,300 Zestimate®
$266/sqft
$2,138 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 21,398 sqft
Property
Features
- Exterior features: Cement / Concrete
Lot
- Size: 0.66 Acres
Details
- Parcel number: 4003165295300000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Lynden
Other
Other facts
- Amenities: Fire Sprinklers
- Form 17: Provided
- Foundation: Poured Concrete
- Lot details: Paved Street
- Leased items: None
- New construction: Under Construction
- Possesion: Closing
- Sewer: Sewer Connected
- Potential terms: Cash Out
- Water source: Public
- Property type: MULT
- Range/oven1: Y
- Range/oven2: Y
- Show map link: Y
- Status: P
- Range/oven3: Y
- Range/oven4: Y
- Range/oven5: Y
- Range/oven6: Y
- Style: 56