715 Judson Street, Lynden, WA 98264

$775,000
4,104
SqFt

Listing courtesy of Bellwether Real Estate. Selling Office: Muljat Group.

Sold Price
$775,000
List Price
$849,900
Status
SOLD
MLS#
1981855
Closing Date
Apr 28, 2023
Days on Market
192
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
4,104
Area Total SqFt
4104
Annual Tax Ammount
6248
Internet Provider
Xfinity
Lot Size (sq ft)
6,969
Sewer
Sewer Connected

Property Description

Great investment opportunity! Prime location in downtown Lynden, situated on a large lot. This well maintained 8 plex is close to shops, dining, parks and schools. Solid rental history for each of the 4 1bed/1bath units and 4 studio units. Units share coin operated laundry room. Newer roof and exterior paint, newer main electrical and gas boiler system. There is an upside potential for new owner/manager to increase rents. Most affordable housing in the heart of Lynden!

Additional Information

List Date
2022-10-18 00:00:00
Community
Lynden
Net Operating Income
$52,201
Gross Adjusted Income
$52,201
Gross Scheduled Income
$66,348
Total Monthly Income
$6,965
Insurance Expenses
$1,752
Water/Sewer/Garbage Expenses
$4,897
Gross Rent Multiplier
13.5
Total Expenses
$21,980
Cap Rate
4.1
Vacancy Rate
4
Total Number of Units
8
Unit Name
715
Potential Terms
Cash Out, Conventional
Year Built
1930
View
Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet
Electric Expenses
316
Other Expenses
5611
Energy Source
Electric, Natural Gas
School District
Lynden
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,965
Gross Scheduled Income
$66,348
Vacancy Rate
4
Gross Adjusted Income
$52,201
Tax Year
2022
Insurance Expense
$1,752
W/S/G Expenses
$4,897
Total Expenses
$21,980
Net Operating Income
$52,201
Gross Rent Multiplier
13.5
Cap Rate
4.1
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