Brandon Nelson Partners

540 Drayton Street, Lynden, WA

$1,499,000

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5,436

Square feet

0.41

Acres

About 540 Drayton Street

TWO triplexes on one lot in a great location, creating an amazing investment opportunity! All units are 2-bed/2-bath with single-car garage + washer/dryer. *Tenants pay all utilities*. Property generates a GSI of $95k with a low expense ratio resulting in a robust NOI of $80k and a healthy Cap Rate of 5.32%. Fully rented with no vacancies. Current numbers reflect a management fee of $5,166. If self-managed, Cap Rate increases to 5.66%! Buildings are in good condition in a cute Lynden neighborhood. Listed along with house + triplex at 312 Nooksack.

Features of 540 Drayton Street

MLS® # 2014249
Price $1,499,000
Bathrooms 0.00
Square Footage 5,436
Acres 0.41
Year Built 2003
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address 540 Drayton Street
Area 885 - Lynden
Subdivision Lynden
City Lynden
County Whatcom
State WA
Zip Code 98264

Amenities

Parking Spaces 9
Is Waterfront No

Interior

Interior Features Heat Pump, Laminate Hardwood, Wall to Wall Carpet
Fireplace No
# of Stories 1

Exterior

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

School Information

District Lynden
Elementary Fisher Elem
Middle Lynden Mid
High Lynden High

Additional Information

Days on Market 31
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBrandon Nelson Partners

Listing Map

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