8889 Depot Road

Lynden, WA 98264

$5,200,000
Price
Beds
21,000 Sq. Ft.
$248 / Sq. Ft.
21,000
Sq. Ft.
$248
per Sq. Ft.

Description

Presenting a prime investment opportunity, this well-maintained 18-unit complex spans 21,000 square feet across three stories. The property features a mix of 9 one-bedroom and 9 two-bedroom units, offering a versatile range of living spaces to meet tenant needs, including the convenience of an elevator. Each unit is thoughtfully designed for comfort and functionality, with ample natural light and spacious layouts. In addition to the residential units, the sale includes 4 storage condos, providing...Presenting a prime investment opportunity, this well-maintained 18-unit complex spans 21,000 square feet across three stories. The property features a mix of 9 one-bedroom and 9 two-bedroom units, offering a versatile range of living spaces to meet tenant needs, including the convenience of an elevator. Each unit is thoughtfully designed for comfort and functionality, with ample natural light and spacious layouts. In addition to the residential units, the sale includes 4 storage condos, providing additional income potential. The complex is strategically located, offering easy access to key amenities, public transportation, and major roads. This is an ideal opportunity for investors!
  1. Listed by Darren Johnson • HomeSmart One Realty

Property Details for 8889 Depot Road

Community Name
Lynden
School District
Lynden
View
Territorial
Number of Assigned Spaces
44
Total Covered Parking
4
Entry Date
12-18-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/18/2024 11:24 AM

Property Details for 8889 Depot Road

StatusActive
MLS #2317162
Days on Market7
Cumulative Days on Market7
Taxes$32,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size1.01 AC / 43,996 SF
CountyWhatcom County

Building Information for 8889 Depot Road

Stories3Residences-Year Built2022Building Size-Lot Size1.01 AC / 43,996 SF

Property Information for 8889 Depot Road

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, Sprinkler System
  • Area: 885 - Lynden
  • Directions: North on Guide Meridian Rd, Right on E Badger Rd, Right on Depot. Property on West Side of Rd on corner or Depot and E Badger.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 44.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Elevator,Fire Sprinklers
  • Cooling: Yes
  • Cooling: Wall Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: High Efficiency (Unspecified)
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 18108
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Commercial,Multi-Family
  • Possible Use: Commercial, Multi-Family
  • MLS Square Footage Source: Owner
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 19
Lot Information
  • Lot Details: Corner Lot, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 4003172505500000
  • Calculated Square Footage: 21000
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 21000.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 44
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 0
  • Units Below Grade: false
  • Units In Building Total: 18
Financing / Income and Expenses
  • Electric Expense: $2,796
  • Total Expenses: 85838
  • Gross Adjusted Income: 399624
  • Gross Rent Multiplier: 13.01
  • Gross Scheduled Income: $399,624
  • Insurance Expense: $7,600
  • Net Operating Income: $313,786
  • Other Expenses: $25,334
  • Total Monthly Income: 33302
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 21000.0
  • Leasable Area Units: Square Feet

Property History for 8889 Depot Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 8889 Depot Road

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

Lynden Middle School
Public6 to 8

Lynden High School
Public9 to 12

Vossbeck Elementary 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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8889 Depot Road is a multi-family home for sale in Lynden, WA 98264. This property was listed for sale on December 18, 2024 by HomeSmart One Realty, it's currently listed at $5,200,000. This listing's school district is Lynden School District. Nearby schools include Isom Intermediate School, Lynden Middle School and Lynden High School. 8889 Depot Road is a 0-bed, 0-bath, 21,000 sqft multi-family home built in 2022.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart One Realty

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.