2228 Berryman Loop, Lynden, WA 98264

$750,000
3,250
SqFt

Listing courtesy of Muljat Group. Selling Office: Keller Williams Western Realty.

Sold Price
$750,000
List Price
$759,900
Status
SOLD
MLS#
1692488
Closing Date
Jan 29, 2021
Days on Market
37
Style
52 - Duplex
Building Condition
Under Construction
Finished SqFt
3,250
Area Total SqFt
3250
Annual Tax Ammount
3840
Lot Size (sq ft)
16,040
Sewer
Sewer Connected

Property Description

New construction 1625 sq ft per side duplex. Features 3 bedrooms, 2.5 baths, two-car garage, large open floor plan, granite countertops with tile backsplash, laminate floors downstairs with a carpeted second floor for bedrooms and hallways. Bathrooms are tile. 16,000 plus square foot lot. Gas forced air heat. Rent will be at $2,000/unit and expenses anticipated around 20% yielding a solid 5 cap.

Additional Information

List Date
2020-12-23 00:00:00
Community
Lynden
Net Operating Income
$38,400
Gross Adjusted Income
$48,000
Gross Scheduled Income
$48,000
Total Monthly Income
$4,000
Insurance Expenses
$960
Gross Rent Multiplier
16
Total Expenses
$9,600
Cap Rate
5
Total Number of Units
2
Unit Name
2228
Potential Terms
Cash Out, Conventional
Year Built
2020
View
Territorial
Roof
Composition
Other Expenses
4800
School District
Lynden
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Gross Adjusted Income
$48,000
Tax Year
2019
Insurance Expense
$960
Total Expenses
$9,600
Net Operating Income
$38,400
Gross Rent Multiplier
16
Cap Rate
5
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