1412 Liberty St

    Lynden, WA 98264
    • $8,950,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 1562333
    $8,950,000
    • 0
      BEDS
    • 4.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Muljat Group.

    Description

    First time on the market in over 20 years! La Villa Apartments is an apartment community with a variety of unit types and a historically strong occupancy rate. The community was built between 1969 and 1983. It has been well maintained by the ownership, whom lived on-site for over 15 years. The 54-unit community has the zoning potential to add up to 74 more units (for a total of 128 units). This multi-family investment has multiple opportunities for rent growth and future opportunity.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-06T00:13:28.807.

    www.lucaspintoteam.com/homes/102989434

    1412 Liberty St Lynden, WA 98264

    • Price: $8,950,000
    • Status: Active
    • ID#: 1562333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.53
    Acres
    1975
    Built
    Neighborhood:
    Lynden
    County:
    Whatcom
    Area:
    Lynden
    School District:
    Lynden
    Property Description
    First time on the market in over 20 years! La Villa Apartments is an apartment community with a variety of unit types and a historically strong occupancy rate. The community was built between 1969 and 1983. It has been well maintained by the ownership, whom lived on-site for over 15 years. The 54-unit community has the zoning potential to add up to 74 more units (for a total of 128 units). This multi-family investment has multiple opportunities for rent growth and future opportunity.
    Exterior Features

    Building Condition Good Carport Spaces 50 Construction Methods Standard Frame Exterior BrickStuccoWood Products Foundation Poured Concrete Garage Spaces 6 Lot Details Corner LotCurbsDead End Street Roof FlatTileTorch Down Stories In Building 5 Style 56 - 6-9 Units Total Parking Spaces 80 Uncovered Spaces 24 Waterfront Creek

    Interior Features

    Floor Covering HardwoodVinylWall to Wall Carpet Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 700 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 860 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 860 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 860 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 1 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 860 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 910 Unit6 Washer Dryer Y Units Below Grade Y

    Property Features

    Amenities StorageThermal Windows Bank Owned No Cap Rate 5.56 Electrical Expenses 4590 Energy Source ElectricNatural GasWood EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 676384 Gross Rent Multiplier 13 Gross Scheduled Income 689717 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 12500 Leased Items None Net Operating Income 497397 New Construction YN No Other Expenses 81697 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Lynden Site Features Cabana/GazeboCable TVDeckGas AvailableHigh Speed InternetOutbuildings Tax Amount 31600 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 178987 Total Expenses TEX 178987 Total Monthly Income 57476 Unit1 Monthly Rent 931 Unit2 Monthly Rent 840 Unit3 Monthly Rent 840 Unit4 Monthly Rent 840 Unit5 Monthly Rent 840 Unit6 Monthly Rent 1054 Vacancy Rate 2 Water Company City Of Lynden Water Sewer Garbage 48600 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Lucas Pinto Real Estate Group | Compass and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Lucas Pinto Real Estate Group | Compass are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-06T00:13:28.807.

     
    Lucas Pinto Real Estate Group | Compass
    800 Bellevue Way NE Suite 500
    Bellevue WA, 98004
    Listing Courtesy of Muljat Group.