Ultimate investment opportunity! New 4-plex recently finished and fully occupied designed by JWR design and constructed by West Coast Developers promising a great use of space & quality construction demanding top rent! (2) 3-bed units with single car garages & (2) 4-bed units with double car garages. Tenants pay all utilities. Property generates a GSI of $118k with low expenses resulting in a robust NOI of $98k and a healthy Cap Rate of 5.3%. Current numbers reflect a management fee of $8,280. If self managed cap rate increases to 5.7%! 7" wide plank floors, presidential carpet, ductless mini splits providing AC & heat, sparkling white quartz counters, & Whirpool stainless appliances. Fully landscaped, patios, & a low maintenance yard.
Sold
Listed by:
Loren Van Corbach,
Windermere Real Estate Whatcom
$1,850,000
2209 DeJong Drive, Lynden, WA 98264
--beds
--baths
5,863sqft
Quadruplex
Built in 2022
-- sqft lot
$1,536,400 Zestimate®
$316/sqft
$2,636 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Loren Van Corbach,
Windermere Real Estate Whatcom
Bought with:
Loren Van Corbach, 105445
Windermere Real Estate Whatcom
Source: NWMLS,MLS#: 2042992

Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 5,863
- Total interior livable area: 5,863 sqft
Property
Parking
- Total spaces: 15
- Parking features: Open
- Covered spaces: 6
- Uncovered spaces: 9
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 4003164525340000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Cement/Concrete, Stone
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lynden
- Water: Company: City of Lynden
- Utilities for property: Xfinity, Xfinity
Community & neighborhood
Location
- Region: Lynden
- Subdivision: Lynden
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 790 days
Services availability

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