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Listing 18 out of 27
$399,000 For Sale

5193 Labounty Dr
Ferndale, WA 98248

3 units | Multi Family Home
10019 sq ft - MLS# 1347833 Courtesy of Coldwell Banker Bain
Property Photo
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Description

This triplex has has been well maintained and several updates have been completed recently. New carpeting, some flooring, a remodeled bathroom and fresh interior paint make this "always rented", "Residential Office" zoned investment property an easy choice with a good return on one's money. The location makes for an easy commute to Bellingham and Ferndale. A 5.7 Cap Rate!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whatcom County
  • Zip Code: 98248
  • Year Built: 1967
  • School District: Ferndale
  • Sq.Ft.: 2,047 sq ft
  • Units: 3 units
  • # of Parking Spaces: 6
  • Lot Size: 10019 sq ft
  • Accessibility: Yes, See Site Features
  • View: Mountain, Territorial
  • Area: Ferndale
  • Amenities: Thermal Windows
  • Area Number: 870
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Good
  • Electrical Expenses: $498
  • Energy Source(heat): Electric
  • Exterior: Brick, Metal/Vinyl, Wood
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Business, Multi-Family, Office, Residential
  • Gross Adjusted Income: $31080
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $31080
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $700
  • Lot Details: Paved Street
  • Net Operating Income: $22695
  • Number of Carport Spaces: 2
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 4
  • Other Expenses: $4074
  • Power Company: Pse
  • Rent Unit 1: $995
  • Rent Unit 2: $950
  • Rent Unit 3: $645
  • Roof: Composition
  • Site Features: Cable TV, Disabled Access, Fenced-Partially, Patio
  • Square Feet Unit 1: 840
  • Square Feet Unit 2: 840
  • Square Feet Unit 3: 187
  • Total Expenses: $8385, $8385
  • Total Monthly Income: $2590
  • Water Company: Cof
  • Water Source: Public
  • Water/Sewer/Garbage: 576
Courtesy of Coldwell Banker Bain

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