2253 Bluestem Street, Lynden, WA 98264

$925,000
5,944
SqFt

Listing courtesy of Keller Williams Western Realty. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$925,000
List Price
$950,000
Status
SOLD
MLS#
1179293
Closing Date
Feb 26, 2018
Days on Market
155
Style
54 - 4-Plex
Building Condition
Under Construction
Finished SqFt
5,944
Area Total SqFt
5944
Annual Tax Ammount
4000
Lot Size (sq ft)
15,574
Sewer
Sewer Connected

Property Description

Attn Investors! Brand new west coast contemporary 4-plex for sale (also a 2nd 4-plex for sale next door). All units have 3 bedrooms and 2 or 2.5 bathrooms, high-efficiency heating and 1-car garage. Two different layouts - one with 3 bedrooms on upper level and the other with one bedroom downstairs and two upstairs. High-end modern finishes. Cap rate 6.26%!

Additional Information

List Date
2017-09-24 00:00:00
Community
Lynden
Net Operating Income
$59,500
Gross Adjusted Income
$78,000
Gross Scheduled Income
$78,000
Total Monthly Income
$6,500
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$3,000
Gross Rent Multiplier
12
Total Expenses
$18,500
Cap Rate
6.26
Total Number of Units
4
Unit Name
2253
Potential Terms
Cash Out, Conventional
Year Built
2017
View
Mountain(s), Territorial
Roof
Composition
Site Features
Cable TV, Patio
Other Expenses
9700
School District
Lynden
Elementary School
Buyer To Verify
Middle School
Lynden Mid
High School
Lynden High
Total Monthly Income
$6,500
Gross Scheduled Income
$78,000
Gross Adjusted Income
$78,000
Tax Year
2017
Insurance Expense
$1,800
W/S/G Expenses
$3,000
Total Expenses
$18,500
Net Operating Income
$59,500
Gross Rent Multiplier
12
Cap Rate
6.26
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