This 2005 built 4-PLEX offers 2 - 3 bed/1 bath, 2-story interior units, and 2 - 2 bed/1 bath single floor units on the outer sides. Located in Ferndale, close to shopping and easy access to I-5. Units are always occupied with long-term renters, with zero vacancy rates. Each unit offers yard space and it's own back patio and is separately metered. Concrete flooring offers low maintenance. Each unit has 2 parking spaces, with brand new gravel driveway offering guest parking. This property is the perfect way to get your foot in the door of a great rental market or build your real estate investment portfolio. Gross rent totals is $6,270/month with a 4.9 cap rate and room to grow. Tenants pay all utilities.
|
DAYS ON MARKET
|
83
|
LAST UPDATED
|
10/3/2024
|
|
TRACT
|
Ferndale
|
YEAR BUILT
|
2005
|
|
COMMUNITY
|
Ferndale
|
COUNTY
|
Whatcom
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Cascadia Elem |
| Jr. High School |
Vista Mid |
| High School |
Ferndale High |
|
Prior to Sep 18, '24
|
$1,339,000
|
|
Sep 18, '24 - Oct 3, '24 |
$1,299,999
|
| Oct 3, '24 - Today |
$1,289,999 |
| AIR |
None |
| AREA |
870 - Ferndale/Custer |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Baseboard, Electric, Natural Gas |
| INTERIOR |
Concrete, Wall to Wall Carpet |
| LOT |
0.37 acre(s) |
| LOT DESCRIPTION |
Dead End Street |
| LOT DIMENSIONS |
160 x 100 |
| STORIES |
2 |
| STYLE |
54 - 4-Plex |
| SUBDIVISION |
Ferndale |
| TAXES |
6099 |
| UTILITIES |
Cable Available, Sewer Connected |
| WATER |
Public |
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/30/24 12:20 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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