200 8th Street

200 8th Street

Lynden, WA 98264

$600,000
Last Sold Price
5
Beds
5
Baths
3,000 Sq. Ft.
$200 / Sq. Ft.
3,000
Sq. Ft.
$200
per Sq. Ft.

Sold 10/7/20

Sold 10/7/20

a view of a house with large outdoor space and sitting area
a view of front door
a front view of a house
a living room with furniture and wooden floor
a living room with furniture and a window
a kitchen with stainless steel appliances a dining table chairs a refrigerator and cabinets
a view of a dining room with furniture window and wooden floor
a kitchen with a sink a stove and refrigerator
a kitchen with a sink a stove and a refrigerator
a bathroom with a window a toilet and a window
a bedroom with a bed and a painting on the wall
a bedroom with a bed and a chandelier
a backyard of a house with plants and wooden fence
a front view of a house with a porch
Listing provided courtesy of COMPASS, Landmark Real Estate Mgmt, LLC

Description

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.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.
  1. Listed by Solveig Johnson • COMPASS

Property Details for 200 8th Street

Community Name
Lynden
School District
Lynden
View
Territorial
Number of Assigned Spaces
10
Total Covered Parking
0
Entry Date
07-23-2020
Sewer
Sewer Connected

Location

Listing Courtesy of COMPASS

Sold By Landmark Real Estate Mgmt, LLC

Add your commute
LISTING UPDATED: 05/14/2021 04:28 AM

Property Details for 200 8th Street

StatusSold
MLS #1634386
Days on Market7
Cumulative Days on Market1268
Taxes$3,434 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.21 AC / 9,148 SF
CountyWhatcom County

Location

Listing Courtesy of COMPASS

Sold By Landmark Real Estate Mgmt, LLC

Add your commute

Building Information for 200 8th Street

Stories1Residences5Year Built1976Building Size-Lot Size0.21 AC / 9,148 SF

Payment Calculator

$3,561 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$286

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 200 8th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV
  • Area: 885 - Lynden
  • Block: 19
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: North on Guide Meridian, Right on Kok, Left on S 17th St, Right on Front St, Left on 8th St property on the right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Amenities: Coin Op Laundry
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Wall
  • Water Source: Public
  • Water/Sewer/Garbage: 6132
  • Power Company: PSE
  • Sewer Company: City of Lynden
  • Water Company: City of Lynden
  • Power Production Type: Electric
  • Utilities: Cable Connected, Sewer Connected, Electricity Available
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Commercial
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Commercial
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 14
Lot Information
  • Lot Details: Corner Lot, Paved, Sidewalk
  • Lot Size Dimensions: 64 X 140
  • Lot Number: Lot 1-W1/2 of Lot 2
  • Lot Size Source: Realist
  • Parcel Number Free Text: 4003201533020000
  • Building Condition: Good
  • Calculated Square Footage: 3000
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3000.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $378
  • Total Expenses: 11844
  • Gross Adjusted Income: 43440
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $43,440
  • Insurance Expense: $1,900
  • Net Operating Income: $31,596
  • Other Expenses: $0
  • Total Monthly Income: 3620
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 600
  • Rent Unit 1: $700.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 600
  • Rent Unit 2: $700.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 600
  • Rent Unit 3: $700.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 600
  • Rent Unit 4: $700.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 600
  • Rent Unit 5: $700.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3000.0
  • Leasable Area Units: Square Feet

Property History for 200 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 200 8th Street

Taxable ValueLand$281,505Additions$293,423Total$574,928
Tax Record2021$4,119 ($343 / month)
Home Facts
Total Finished SqFt3,000 SqFtAbove Ground SqFt3,000 SqFtLot Size9,100 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976ZoningCSLCountyWHATCOMAPN400320 153302 0000

Schools near 200 8th Street

This home is within Lynden School District.
Rating
School
Type
Grades
Distance
Fisher Elementary School
Public - K to 5
Lynden Middle School
Public - 6 to 8
Lynden High School
Public - 9 to 12
Isom Intermediate School
Public - K to 5
Rating
School
Distance
Fisher Elementary School
PublicK to 5

Lynden Middle School
Public6 to 8

Lynden High School
Public9 to 12

Isom Intermediate School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.