Brandon Nelson Partners

312 Nooksack Avenue, Lynden, WA

$1,125,000

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3,752

Square feet

0.31

Acres

About 312 Nooksack Avenue

Incredible investment and/or house-hacking opportunity in cute Lynden neighborhood! House + a triplex all on one lot in a great location, creating opportunity to live in the home while collecting rent from the triplex or, rent both buildings out. All 3 triplex units are 2-bed/2-bath w/ 1-car garage + washer/dryer. *Tenants pay all utilities*. Property generates a GSI of $71k with a low expense ratio. The result is a healthy NOI of $60k and a rock-solid Cap Rate of 5.34%. Current numbers reflect a management fee of $3,444. If self-managed, Cap Rate increases to 5.64%! Triplex is in good condition, as is the house which has 3 beds, 1 bath, + boasts a brand new roof. Listed along with the 2 triplexes on 540 Drayton. Fantastic 1031 opportunity!

Features of 312 Nooksack Avenue

MLS® # 2014174
Price $1,125,000
Bathrooms 0.00
Square Footage 3,752
Acres 0.31
Year Built 2003
Type Residential Income
Sub-Type Multi-Family
Status Pending Inspection

Community Information

Address 312 Nooksack Avenue
Area 885 - Lynden
Subdivision Lynden
City Lynden
County Whatcom
State WA
Zip Code 98264

Amenities

Parking Spaces 9
Is Waterfront No

Interior

Interior Features Forced Air, Laminate, Wall to Wall Carpet
Fireplace No
# of Stories 2

Exterior

Exterior Features Cement Planked
Lot Description Alley, Corner Lot, Curbs, Paved, Sidewalk
Foundation Block

School Information

District Lynden
Elementary Fisher Elem
Middle Lynden Mid
High Lynden High

Additional Information

Days on Market 21
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBrandon Nelson Partners

Listing Map

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