5895 Cedar Street, Ferndale, WA 98248 (MLS # 2001981)
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Listing provided courtesy of Northwest MLS; Brandon Nelson Partners, sold by KW North Sound
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AMAZING INVESTMENT PACKAGE! 1 of 3 fabulous Ferndale duplexes in great location less than 15 minutes from Bellingham. These 3-bed/2.5-bath units generate GSI over $52k and, w/ tenants paying all utilities, the low expense ratio gives this property a remarkable 6.7% cap rate! Listed alongside 5889 + 5891 Cedar St, all of which have identical layouts +similar rents / cap rates. Always fully occupied w/ waitlist. All 3 duplexes have been recently upgraded w/ NEW exterior + interior paint, NEW hot water heaters, NEW appliances, painted parking lines, updated landscaping, NEW LVP + carpet, + NEW quartz countertops. In-unit laundry. Room to improve rents further. Take advantage of this chance while you can. Phenomenal 1031-exchange opportunity!
| DAYS ON MARKET | 41 | LAST UPDATED | 11/14/2022 |
|---|---|---|---|
| TRACT | Ferndale | YEAR BUILT | 2007 |
| COMMUNITY | Ferndale | COUNTY | Whatcom |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| School District | Ferndale |
|---|---|
| Elementary School | Central Elem |
| Jr. High School | Vista Mid |
| High School | Ferndale High |
| PRICE HISTORY | |
| Prior to Oct 13, '22 | $725,000 |
|---|---|
| Oct 13, '22 - Today | $715,000 |
| ADDITIONAL DETAILS | |
| AREA | 870 - Ferndale/Custer |
|---|---|
| CONSTRUCTION | Cement Planked |
| EXTERIOR | Cable TV, Fenced-Partially, Outbuildings |
| HEAT | Wall |
| INTERIOR | Laminate Hardwood, Wall to Wall Carpet |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Dead End Street, Paved |
| LOT DIMENSIONS | Irregular |
| SEWER | Sewer Connected |
| STORIES | 2 |
| STYLE | Duplex |
| SUBDIVISION | Ferndale |
| TAXES | 3400 |
| UTILITIES | Cable Connected, Sewer Connected, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/16/24 3:02 AM PDT. 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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