Bought with eXp Realty
$800,000
$825,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7,326 SqFt
SOLD DATE : 07/10/2024
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,326 sqft
Price per Sqft $109
Subdivision Ferndale
MLS Listing ID 2227808
Sold Date 07/10/24
Style 55 - 5-9 Units
Year Built 1900
Annual Tax Amount $4,392
Lot Size 5,663 Sqft
Property Description
A great investment opportunity with major expandability possibilities! 8% Cap Rate! Zoned Urban Residential gives you tons of versatility on highest and best use. Included with the sale is the adjacent lot that is 5,663 sqft. Boasting 7 units in total - five of them are beautiful, fully renovated units, 6th unit just needs some finishing touches. Renovate the store front for even more income. Huge laundry area 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!
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Interior Features Ceramic Tile, Fir/Softwood, Laminate Hardwood
Flooring Ceramic Tile, Softwood, Laminate
Fireplace Yes
Exterior
Exterior Feature Stucco, Wood Products
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.