521 Main Place, Lynden, WA 98264

$625,000
3,084
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$625,000
Status
PENDING INSPECTION
MLS#
1662945
Days on Market
7
Style
52 - Duplex
Building Condition
['Restored']
Finished SqFt
3,084
Lot Size (sq ft)
21,780

Property Description

Fully renovated duplex in Lynden is a perfect investment property w/ solid rental history or owner occupy one unit while gaining income from the other! New roof, electrical, drywall, paint (exterior & interior), flooring, cabinetry & appliances (including washer/dryer combo) in both units. Large walk-in closets. Each unit includes two car garage. Upper unit has large deck w/ access from primary bedroom & lower unit has a covered patio. 12 minute walk to downtown Lynden shopping & restaurants.

Additional Information

List Date
2020-09-16 00:00:00
Community
Lynden
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1996
Total Parking
12
Uncovered Parking
8
View
Territorial
Exterior
Cement Planked
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Patio
Lot Details
Cul-de-sac, Dead End Street, Paved Street, Sidewalk
School District
Lynden
Elementary School
Buyer To Verify
Middle School
Lynden Mid
High School
Lynden High
Total Monthly Income
$3,800
Gross Scheduled Income
$45,600
Vacancy Rate
4
Gross Adjusted Income
$43,776
Annual Taxes
$4,260
Tax Year
2020
Insurance Expense
$1,002
Total Expenses
$5,262
Net Operating Income
$38,514
Gross Rent Multiplier
14
Cap Rate
6

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
2.00
Unit 1 Size
1460
Unit 1 Rent
$1,800
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1624
Unit 2 Rent
$2,000
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