NOT LISTED FOR SALE

200 8th St Lynden, WA 98264

-- Bed
-- Bath
3,000 Sq Ft
9,148 Sq Ft Lot

Last Sold October 07, 2020

Last sale price $600,000 $200 Per Sq Ft

7 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • 1-Story Property
  • Corner Lot
  • Wall to Wall Carpet

About This Home

As of October 2020

Attention Investors! Prime location in downtown Lynden! This well maintained 5 plex is close to shops and dining. Solid
rental history for each of the 1 Bed/1 Bath units. Currently under market rents so there is potential for additional cash
flow! Owner occupy? Airbnb? Many possibilities for this property. Interest rates are at a historical low, making now a
perfect time to become a landlord or expand your portfolio.

Last Agent to Sell the Property

Solveig Johnson

COMPASS License #116354 Listed on: 07/23/2020

COMPASS

Last Buyer's Agent

Brian Finnegan

Landmark Real Estate Mgmt, LLC License #11930

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1634386

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,434

Year Built

  • Built in 1976

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 64 x 140
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Lynden Subdivision

Listing and Financial Details

  • Legal Lot and Block Lot 1-W1/2 of Lot 2 / 19
  • Assessor Parcel Number 4003201533020000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,434

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3000
  • Special Features: None
  • Cumulative Days on Market: 275

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Lynden
  • WaterCompany: City of Lynden
  • WaterSewerGarbage: 6132

Schools

  • Junior High Dist: Lynden
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4003201533020000
  • Lot Size Acres: 0.21
  • Lot Size: 64 X 140
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial
  • LotNumber: Lot 1-W1/2 of Lot 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3620

Multi Family

  • Gross Scheduled Income: 43440
  • Net Operating Income: 31596
  • Number Of Units Total: 5
  • Electric Expense: 378
  • Insurance Expense: 1900
  • Leasable Area: 3000
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3434

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $600,000 -7.7% $200 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $650,000 -- $217 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1634386

Northwest Multiple Listing Service (NWMLS)