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Listing provided courtesy of Northwest MLS; The Foundation Group LLC, sold by Hansen Group Real Estate Inc

PRICE $1,937,000
BEDS 0
BATHS 0
HOME SIZE 9,744 sqft
LOT SIZE 19,602 sqft
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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.

LAST UPDATED 2/16/2024 TRACT Ferndale
YEAR BUILT 1970 COMMUNITY Ferndale
COUNTY Whatcom STATUS Sold
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Ferndale High


ADDITIONAL DETAILS
AIR None
AREA 870 - Ferndale/Custer
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
INTERIOR Wall to Wall Carpet
LOT 0.45 acre(s)
LOT DESCRIPTION Cul-de-sac
MLS STATUS Sold
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Ferndale
TAXES 12897
UTILITIES Sewer Connected
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Waterfront

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