Bought with eXp Realty
$1,250,000
$1,259,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
4 Baths
4,157 SqFt
SOLD DATE : 04/29/2025
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,157 sqft
Price per Sqft $300
Subdivision Ferndale
MLS Listing ID 2318794
Sold Date 04/29/25
Style 54 - 4-Plex
Bedrooms 10
Year Built 2005
Annual Tax Amount $6,099
Lot Size 0.370 Acres
Lot Dimensions 160 x 100
Property Sub-Type Multi Family
Property Description
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 $6,900/month with a 5.5 cap rate and room to grow! Tenants pay all utilities.
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Interior Features Concrete, Wall to Wall Carpet
Flooring Concrete, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Wood
Amenities Available Cable TV, Fenced-Partially, Gas Available, Patio, Sprinkler System
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Cascadia Elem
Middle Schools Vista Mid
High Schools Ferndale High
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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