312 Nooksack Avenue
Lynden, WA 98264
3752 sqft | 0.31 acres | #2322702
Description
Rare 6+% cap rate on this well-maintained 4-plex in a cute Lynden neighborhood! Featuring a 3-bed house + triplex on a single corner lot, this unique opportunity combines a strong financial profile with a great location. Generating over $91k GSI + $69k NOI, this property offers robust cash flow on top of future appreciation. Triplex units are all 2-bed/2-bath + have been remodeled/updated in the last year. All units have own laundry + 1-car garage. Triplex updates include flooring, paint, appliances, and counters. Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate! Presents a tremendous 1031 option as well!
Property Details
- Lot DescriptionAlley, Corner Lot, Curbs, Paved, Sidewalk
- InteriorLaminate, Wall to Wall Carpet
- Date ListedJanuary 16, 2025
- Sewer InformationSewer Connected
- Exterior MaterialsCement Planked
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- ViewTerritorial
- Style54 - 4-Plex
- Elementary SchoolFisher Elem
- High SchoolLynden High
- Middle SchoolLynden Mid
- Original List Price$1,150,000
- Structure TypeQuadruplex
- Exterior FeaturesCable TV
- CountyWhatcom
- MLS #2322702
- Cost1150000
- MLS #2322702
- Utility SourcePublic
- SubdivisionLynden
- School DistrictLynden
- Taxes Annual$5,738
- FoundationBlock
- Acres0.31
- Square Feet3752
- Year Built2003
- Stories2
- Days on Market (Cumulative)1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-16 19:51:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jacson Bevens (#NWM111532)
Listing Office: Windermere Real Estate Whatcom (#NWM9110)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
