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Listing 19 out of 25
Sold for $396,000 Sold

5193 Labounty Dr
Ferndale, WA 98248

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

Sold

Sold for $396,000 on Mar 21, 2019

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: Sold
  • Listing Price: $399,000
  • 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
  • Cap Rate - NOI div LP: 5.70
  • 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
  • Selling Agent: Rainy Fackler-Adams
  • Selling Office: eXp Realty
  • 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
  • Sold Date: 2019-03-21 00:00:00
  • Sold Price: 396000.00
Courtesy of Coldwell Banker Bain
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-03-26

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