Description
GREAT INVESTMENT OPPORTUNITY! This 2005 build is a perfect way to get your foot in the door of a booming rental market, or to build your real estate investment portfolio. This 4-PLEX offers (2) 2bed/1 bath, outer, single floor units and (2) 3 bed/1 bath interior units with second story, in Ferndale with easy access to I-5 and great for commuters! Zero vacancy rate! Separately metered and tenants pay all utilities reducing landlord expense. 2 parking spaces/unit with potential to create 2 additional guest parking spaces. All units have a back patio and yard space, 2 end units are fully fenced. Cap rate of 5 with room for growth with rents and self management. Please do not disturb tenants.
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0BEDS
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0.37ACRES
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0BATHS
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01/2 BATHS
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4,157SQFT
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$325$/SQFT
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Acp.
Sold by .Description
GREAT INVESTMENT OPPORTUNITY! This 2005 build is a perfect way to get your foot in the door of a booming rental market, or to build your real estate investment portfolio. This 4-PLEX offers (2) 2bed/1 bath, outer, single floor units and (2) 3 bed/1 bath interior units with second story, in Ferndale with easy access to I-5 and great for commuters! Zero vacancy rate! Separately metered and tenants pay all utilities reducing landlord expense. 2 parking spaces/unit with potential to create 2 additional guest parking spaces. All units have a back patio and yard space, 2 end units are fully fenced. Cap rate of 5 with room for growth with rents and self management. Please do not disturb tenants.
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 Tribeca NW Real Estate 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 2023-03-24T23:14:40.853. 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 2023-03-24T23:14:40.853. 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.