1954 Willard St

    Ferndale, WA 98248
    • $925,000
    • STATUS: Pending Feasibility
    • ON SITE: 43 days
    • ID#: 1253300
    Under Contract
    UPDATED: 51 min ago
    $925,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,600
      SQFT
    • $108
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Lakeway Realty, Inc..

    Description

    Amazing 4-plex in booming Ferndale! Just seconds to restaurants, a waterfront park, & I-5 access. The property consists of a character single family house and newer triplex. These units are literally gigantic & also separately metered for w/s. With nearly 2200 sq. ft each, these units function more like homes. The rents definitely have room for immediate increase. The entire exterior of the building was just re-painted, caulked, & sealed for $28k. Low-maintenance cash flow!

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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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-22T09:14:53.013.

    www.searchkitsaphomes.com/homes/81429979

    1954 Willard St Ferndale, WA 98248

    • Price: $925,000
    • Status: Pending Feasibility
    • Updated: 51 min ago
    • ID#: 1253300
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    8,600
    SQFT
    $108
    $/SQFT
    2005
    Built
    Neighborhood:
    Ferndale
    County:
    Whatcom
    Area:
    Ferndale/Custer
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Ferndale High
    School District:
    Ferndale
    Property Description
    Amazing 4-plex in booming Ferndale! Just seconds to restaurants, a waterfront park, & I-5 access. The property consists of a character single family house and newer triplex. These units are literally gigantic & also separately metered for w/s. With nearly 2200 sq. ft each, these units function more like homes. The rents definitely have room for immediate increase. The entire exterior of the building was just re-painted, caulked, & sealed for $28k. Low-maintenance cash flow!
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior Metal/VinylWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details Alley Roof Composition Stories In Building 3 Style 54 - 4-Plex Total Parking Spaces 12 Uncovered Spaces 12

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 3.00 Unit1 Bedrooms 4 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 2200 Unit1 Washer Dryer Y Unit2 Bathrooms 3.00 Unit2 Bedrooms 4 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 2200 Unit2 Washer Dryer Y Unit3 Bathrooms 3.00 Unit3 Bedrooms 4 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 2200 Unit3 Washer Dryer Y Unit4 Bathrooms 2.00 Unit4 Bedrooms 4 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1900 Unit4 Washer Dryer Y Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.00 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided Gross Adjusted Income 72912 Gross Rent Multiplier 149 Gross Scheduled Income 74400 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1500 Leased Items None Net Operating Income 62066 New Construction YN No Other Expenses 9672 Possession See RemarksSub. Tenant's Rights Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Ferndale Site Features Cable TVGas Available Tax Amount 7114 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 18286 Total Expenses TEX 18286 Total Monthly Income 6200 Unit1 Monthly Rent 1550 Unit2 Monthly Rent 1550 Unit3 Monthly Rent 1550 Unit4 Monthly Rent 1550 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 2 Water Company City Of Ferndale Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 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 Mike & Sandi Nelson 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 Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-22T09:14:53.013.

     
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