310 NOOKSACK AVE
LYNDEN, WASHINGTON
312 NOOKSACK AVE
LYNDEN, WA
WELCOME TO
310/312 NOOKSACK AVE
Rare 6+% cap rate on this well-maintained 4-plex in a cute Lynden neighborhood! Featuring a 3-bed house + triplex on a single corner lot, this unique opportunity combines a strong financial profile with a great location. Generating over $91k GSI + $69k NOI, this property offers robust cash flow on top of future appreciation. Triplex units are all 2-bed/2-bath + have been remodeled/updated in the last year. All units have own laundry + 1-car garage. Triplex updates include flooring, paint, appliances, and counters. Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate! Presents a tremendous 1031 option as well!
LISTED AT $1,150,000
TRIPLEX (310):
2 BEDROOM/UNIT
2 BATHROOM/UNIT
882 SQ FT/UNIT
MLS#2197746
HOME (312):
3 BEDROOM
1 BATHROOM
1,104 SQ FT
MLS# 2197746
PHOTO GALLERY
PROPERTY FEATURES
FINANCIAL INFORMATION
All units are rented
Total monthly income of $7,650
GSI over $91,000
NOI over $69,000
Financials reflect current professional management of 7% w/ self-managed potential for a 6.7% cap rate
Annual property taxes (2024) $5,378
SCHOOLS
Fisher Elementary
Lynden Middle School
Lynden High School
BUILDING INFORMATION
Built in 2003
Concrete block foundation
Composition roof
Forced air, wall heat
Washer/dryer in each unit
One single car garage per unit
LOT/SITE DETAILS
Flat, corner lot
Paved street
Sidewalk