Bought with Hansen Group Real Estate Inc
For more information regarding the value of a property, please contact us for a free consultation.
2148 E View PL Ferndale, WA 98248
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,937,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,744 sqft
Price per Sqft $198
Subdivision Ferndale
MLS Listing ID 2175948
Sold Date 02/15/24
Style 56 - 10+ Units
Year Built 1970
Annual Tax Amount $12,897
Lot Size 0.450 Acres
Property Sub-Type Multi-Family
Property Description
Attractive 12-unit walk-up style apartment building for sale in Ferndale, WA. Current cap rate of 5.84%. Built in 1970 property has favorable unit mix of 11x 2B/1B (812SqFt) and 1x 1B/1B(700SqFt). Property had significant exterior capital improvements within last few years making this a simple value-add play. Property is trending to over an 8% proforma cap rate. This is a can't-miss opportunity for the value-add investor looking to grow their portfolio in the desirable and growing Whatcom County market.
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Waterfront Description No Bank
View Y/N No
Roof Type Composition
Building
Lot Description Cul-De-Sac
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Ferndale High
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA
Listing Terms Cash Out, Conventional, FHA
Read Less
"Three Trees" icon indicates a listing provided courtesy of NWMLS.