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    1905 N Prairie Lane

    Lynden, WA 98264
    • $3,200,000
    • STATUS: Sold
    • ON SITE: 37 days
    • ID#: 1718486
    Sold - 02/16/2021
    $3,200,000
    SOLD - 02/16/2021
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:
    Area:

    School Information

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

    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.

    Listing by Mike Kooy. Sold by Keller Williams Western Realty.

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    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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-02-26T16:14:57.013.

    www.home4investment.com/homes/113391923
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    1905 N Prairie Lane Lynden, WA 98264

    • Price: $3,400,000
    • Status: Sold
    • Updated: 59 min ago
    • ID#: 1718486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    2019
    Built
    Neighborhood:
    Lynden
    County:
    Whatcom
    Area:
    Lynden
    Elementary School:
    Vossbeck Elem
    Middle School:
    Lynden Mid
    High School:
    Lynden High
    School District:
    Lynden
    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.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 11 Exterior Features Cement PlankedWood Lot Features Dead End StreetPavedSidewalk Open Parking Spaces 23 Open Parking YN Yes Parking Total 34 Parking Uncovered Spaces 23 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN Yes Waterfront YN No

    Interior Features

    Cooling YN Yes Fireplace YN No Flooring Vinyl Plank Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Central A/CDuctless Hp-Mini SplitWall Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 205620 Insurance Expense 4500 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 154998 New Construction YN No Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvFenced-PartiallyPatio Special Listing Conditions None Tax Annual Amount 16772 Tax Year 2020 Total Expenses 50622 Units In Building Total 11 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 18650 Water Source Public Zoning Jurisdiction City

    Listing information © 2021 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 Ben Kinney Real Estate Team - Keller Williams Western Realty 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 Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-02-26T16:14:57.013.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1718486-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1718486-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1718486-1.jpg
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    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Windermere Real Estate Whatcom.