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Ferndale Terrace

2325, Ferndale Terrace, Ferndale, WA 98248
$2,800,000

Description

Ferndale Terrace (Status: New)

2325, Ferndale Terrace, Ferndale, WA  98248

Offering four 4-plexes, each on its own tax parcel, the 16 units are being sold together. The 4-plexes share a common parking and garbage collection area. Constructed in 1990, all units are 2 bedroom/one bath with washer/dryer hookups and gas fireplaces. Condition is average with newer roof, vinyl siding is easy to maintain. Appliances, floor covering, carpets and vinyl floors are replaced as needed. The units are fully occupied, with vacancies being filled at $1200/month. Five units are now at $1200/mo. There is a huge upside potential for new owner/manager to increase rents which are averaging just $995/month. Bring the remaining units to current market rents ($1200/mo) would increase GSI by $40,000/yr.

Listing Details

Asset Class: Multi-Family
Year Built: 1991
Building Total Square Feet: 12800
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 31
Local Zoning Information: RM DWL 1500SF

CBA

Listing Courtesy of: Coldwell Banker Bain

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 2325, Ferndale Terrace, Ferndale, WA 98248
  • City: Ferndale
  • State/county: WA
  • Zip/Postal Code: 98248
  • Neighborhood: Whatcom County
  • Country: United States

Detail

Updated on May 7, 2021 at 8:27 pm

  • Property ID: 638300
  • Price: $2,800,000.00/For Sale
  • Property Size: 12800 Sq Ft
  • Property Type: Multi-Family
  • Property Status: New

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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