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2240 Mercedes Dr
Lynden, WA 98264

  • $3,500,000
  • STATUS: Active
  • ON SITE: 162 days
  • ID#: 1041986
UPDATED: 10 min ago
$3,500,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,398
    SQFT
  • $164
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2016
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Re/Max Whatcom County.

Description

Great investment opportunity! Net Operating Income of $233,770 = 6.7% 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 will include granite counters, washer/dryer and more. Also included on main level will be 16 large storage units & 18 small storage units. Building will have sprinkler system, elevator and 45 parking spaces. Currently under construction with an estimated completion date of January 2017.

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 2017-03-25T13:15:38.387.

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www.home4investment.com/homes/67283249

2240 Mercedes Dr Lynden, WA 98264

  • Price: $3,500,000
  • Status: Active
  • Updated: 10 min ago
  • ID#: 1041986
0
Beds
0
Baths
0
½ Baths
0.66
Acres
21,398
SQFT
$164
$/SQFT
2016
Built
Neighborhood:
Lynden
County:
Whatcom
Area:
Lynden
Elementary School:
Buyer To Verify
Middle School:
Buyer To Verify
High School:
Buyer To Verify
School District:
Lynden
Property Description
Great investment opportunity! Net Operating Income of $233,770 = 6.7% 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 will include granite counters, washer/dryer and more. Also included on main level will be 16 large storage units & 18 small storage units. Building will have sprinkler system, elevator and 45 parking spaces. Currently under construction with an estimated completion date of January 2017.
Exterior Features

Carport Spaces 0 Exterior Cement Planked Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Roof Composition Stories In Building 4 Style 56 - 6-9 Units Total Parking Spaces 45 Uncovered Spaces 45

Interior Features

Floor Covering Wall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 0.75 Unit1 Bedrooms 0 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit1 Washer Dryer Y Unit2 Bathrooms 0.75 Unit2 Bedrooms 0 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer Y Unit3 Bathrooms 0.75 Unit3 Bedrooms 0 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Unit6 Washer Dryer Y Units Below Grade N

Property Features

Amenities ElevatorFire Sprinklers Bank Owned No Cap Rate 0.00 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 0 Gross Rent Multiplier 0 Gross Scheduled Income 0 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Leased Items None Lot Number 4 Net Operating Income 0 New Construction Under Construction New Construction YN Yes Other Expenses 0 Possession Closing Power Company Puget Sound Energy Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Lynden Tax Amount 0 Tax Year 2016 Terms Cash Out Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Income 20150 Unit1 Monthly Rent 1075 Unit2 Monthly Rent 1075 Unit3 Monthly Rent 1075 Unit4 Monthly Rent 1075 Unit5 Monthly Rent 1075 Unit6 Monthly Rent 1075 Vacancy Rate 0 Water Company City Of Lynden Water Sewer Garbage 0 Water Source Public

Listing information © 2017 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 2017-03-25T13:15:38.387.

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Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Re/Max Whatcom County.