2151 Washington Street, Ferndale, WA 98248
- $799,000
- 2,763
- SqFt
Listing courtesy of Windermere Real Estate Whatcom.
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 2228182
- Days on Market
- 13
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,763
- Area Total SqFt
- 2763
- Annual Tax Ammount
- 4641
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Great opportunity to invest in a well cared for triplex within walking distance to Downtown Ferndale. Centrally located with quick access to I-5, shopping, restaurants, schools, and parks. All units offer a spacious layout with 2 bedrooms, 1 bath, in unit laundry, and shared storage. Each unit has one covered parking spot with an additional 4 uncovered parking spots to share. Current rents for units 1 & 2 are well below market value with potential to rent for $1,500-$1,650 a month. New roof in 2019 and new deck for unit 3 added in 2021. Great rental history, location, and sunny corner lot make this a great investment, whether you're looking to start your portfolio or add to it.
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Additional Information
- List Date
- 2024-04-25 17:37:08
- Community
- Ferndale
- Net Operating Income
- $34,528
- Gross Adjusted Income
- $45,000
- Gross Scheduled Income
- $45,000
- Total Monthly Income
- $3,750
- Insurance Expenses
- $2,279
- Water/Sewer/Garbage Expenses
- $3,552
- Gross Rent Multiplier
- 17.8
- Total Expenses
- $10,472
- Cap Rate
- 4.32
- Vacancy Rate
- 1
- Total Number of Units
- 3
- Unit Name
- 2151
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet
- Energy Source
- Natural Gas
- School District
- Ferndale
- Elementary School
- Central Elem
- Middle School
- Vista Mid
- High School
- Ferndale High
- Total Monthly Income
- $3,750
- Gross Scheduled Income
- $45,000
- Vacancy Rate
- 1
- Gross Adjusted Income
- $45,000
- Tax Year
- 2024
- Insurance Expense
- $2,279
- W/S/G Expenses
- $3,552
- Total Expenses
- $10,472
- Net Operating Income
- $34,528
- Gross Rent Multiplier
- 17.8
- Cap Rate
- 4.32
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