540 Drayton Street

$1,400,000
540 Drayton Street, Lynden, WA 98264
540 Drayton Street

540 Drayton Street

$1,400,000

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 5.4%. Fully rented with no vacancies. Current numbers reflect a management fee of $5,166. If self-managed, Cap Rate increases to 5.74%! Buildings are in good condition in a cute Lynden neighborhood.
Josh Crown
Josh Crown Contact

Features & Amenities

Interior

Flooring Laminate, Carpet
Other Interior Features Laminate Hardwood, Wall to Wall Carpet

Exterior

Stories 1
Water Source Public
ROOF Composition
Lot Features Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Substructure Block
Other Exterior Features Cement Planked

Area & Lot

Status Sold
LIVING SPACE 5,436 Sq.Ft.
LOT SIZE 0.41 Acres
MLS® ID 2054454
Type Multi-Family
Year Built 2003
View Description Territorial
ELEMENTARY SCHOOL Fisher Elem
MIDDLE SCHOOL Lynden Mid
HIGH SCHOOL Lynden High
School District Lynden

Financial

SALES PRICE $1,400,000
REAL ESTATE TAXES $7,769/yr

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