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Listing 14 out of 96
Sold for $2,294,200 Sold

2075 Vista Dr
Ferndale, WA 98248

24 units | Multi Family Home
0.63 acres - MLS# 1409354 Courtesy of Westlake Associates, Inc.
Property Photo

Sold

Sold for $2,294,200 on Jul 11, 2019

Description

Ferndale Manor is a 24, one-bedroom unit apartment building located walking distance from the historic downtown of Ferndale. The building has open floor plans and partially updated units. The building features a community area and has a large senior/working class tenant profile.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $2,450,000
  • County/Area: Whatcom County
  • Zip Code: 98248
  • Year Built: 1972
  • School District: Ferndale
  • Sq.Ft.: 15,600 sq ft
  • Units: 24 units
  • # of Parking Spaces: 14
  • Lot Size: 0.63 acres
  • Area: Ferndale
  • Area Number: 870
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Bedrooms Unit 5: 1
  • Bedrooms Unit 6: 1
  • Cap Rate - NOI div LP: 6.60
  • Energy Source(heat): Electric
  • Exterior: Wood Products
  • Floor Covering: Wall to Wall Carpet
  • Gross Adjusted Income: $265485
  • Gross Rent Multiplier: $9
  • Gross Scheduled Income: $273696
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $6535
  • Net Operating Income: $163018
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 14
  • Other Expenses: $46874
  • Rent Unit 1: $925
  • Rent Unit 2: $885
  • Rent Unit 3: $885
  • Rent Unit 4: $825
  • Rent Unit 5: $825
  • Rent Unit 6: $925
  • Roof: Composition
  • Selling Agent: Daniel Swanson
  • Selling Office: Kidder Mathews
  • Square Feet Unit 1: 650
  • Square Feet Unit 2: 650
  • Square Feet Unit 3: 650
  • Square Feet Unit 4: 650
  • Square Feet Unit 5: 650
  • Square Feet Unit 6: 650
  • Total Expenses: $102467, $102467
  • Total Monthly Income: $22808
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 34237
  • Sold Date: 2019-07-11 00:00:00
  • Sold Price: 2294200.00
Courtesy of Westlake Associates, Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Gateway are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-16

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914 15th St - Anacortes, WA 98221
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