5778 2nd

    Ferndale, WA 98248
    • $799,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 1599247
    UPDATED: 39 min ago
    $799,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    This is the investment you have been waiting for in a dream location! 5 beautiful, fully renovated units, 6th unit just needs some finishing touches. Renovate the store front for even more income. Huge laundry area can be monetized with coin op machines and storage units. Use 2 car garage for yourself or rent that too! Tenants will love living right across from Griffintown Park. Walking distance to downtown Ferndale shops, restaurants and Vanderyacht, Pioneer and Hovander Homestead parks!

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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 Brantley Christianson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-28T17:15:48.75.

    nw.brantleychristianson.com/homes/105700761

    5778 2nd Ferndale, WA 98248

    • Price: $799,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 1599247
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1900
    Built
    Neighborhood:
    Ferndale
    County:
    Whatcom
    Area:
    Ferndale/Custer
    School District:
    Ferndale
    Property Description
    This is the investment you have been waiting for in a dream location! 5 beautiful, fully renovated units, 6th unit just needs some finishing touches. Renovate the store front for even more income. Huge laundry area can be monetized with coin op machines and storage units. Use 2 car garage for yourself or rent that too! Tenants will love living right across from Griffintown Park. Walking distance to downtown Ferndale shops, restaurants and Vanderyacht, Pioneer and Hovander Homestead parks!
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Stucco Garage Spaces 2 Lot Details Paved StreetSidewalk Lot Dimensions 50 X 116 Roof Flat Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 6 Uncovered Spaces 4

    Interior Features

    Floor Covering Ceramic TileLaminate Hardwood Heating And Cooling BaseboardForced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities See Remarks Bank Owned No Cap Rate 4.90 Electrical Expenses 4603 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided Gross Adjusted Income 38904 Gross Rent Multiplier 14 Gross Scheduled Income 56400 Heating Expenses 1303 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2915 Leased Items None Net Operating Income 38904 New Construction YN No Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Ferndale Site Features Outbuildings Tax Amount 2495 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 17496 Total Expenses TEX 17496 Total Monthly Income 4700 Unit1 Monthly Rent 1000 Unit2 Monthly Rent 0 Unit3 Monthly Rent 1000 Unit4 Monthly Rent 850 Unit5 Monthly Rent 750 Unit6 Monthly Rent 1100 Vacancy Rate 1 Water Company City Of Ferndale Water Sewer Garbage 6180 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 Brantley Christianson Real Estate 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 Brantley Christianson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-28T17:15:48.75.

     
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    Listing Courtesy of Windermere Real Estate Whatcom.