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2148 E View Place

Ferndale, WA 98248
  • $1,937,000
  • STATUS: Sold
  • ID#: 2175948
Sold - 02/15/2024
$1,937,000
SOLD - 02/15/2024
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,744
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of The Foundation Group LLC.
Mortgage Calculator is provided by BoomTown.

School Information

Elementary School:
Middle School:
High School:
School District:

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.

Sold by Hansen Group Real Estate Inc.

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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 Jordan Real Estate Group | CENTURY 21 Real Estate Center are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-03-05T00:14:07.737. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-03-05T00:14:07.737. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.jordanregroup.com/homes/144840521
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2148 E View Place Ferndale, WA 98248

  • Price: $1,950,000
  • Status: Sold
  • On Site: Days
  • ID#: 2175948
0
Beds
0
Baths
0
½ Baths
0.45
Acres
9,744
SQFT
$199
$/SQFT
1970
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
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.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features Cul-De-Sac Open Parking Spaces 19 Open Parking YN Yes Parking Total 19 Parking Uncovered Spaces 19 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront Features No Bank Waterfront YN Yes

Interior Features

Building Area Total 9744 Cooling None Cooling YN No Fireplace YN No Flooring VinylCarpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op Laundry Association Fee 0 Association YN No Buyer Financing Conventional Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventionalFHA Net Operating Income 113831 New Construction YN No Possession Closing Possible Use Multi-Family Power Production Type Electric Property Condition Average Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 12897 Tax Year 2023 Units In Building Total 12 Water Source Public Year Built Effective 1970 Zoning Class Multi-Family Zoning Jurisdiction City



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 Jordan Real Estate Group | CENTURY 21 Real Estate Center are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-03-05T00:14:07.737. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-03-05T00:14:07.737. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Jordan Real Estate Group | CENTURY 21 Real Estate Center
19020 33rd Ave W #300
Lynnwood WA, 98037
Northwest MLS logoListing information ©2024 Northwest MLS. Listing courtesy of The Foundation Group LLC.
Mortgage Calculator is provided by BoomTown.