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5601 3rd Ave., Ferndale, WA 98248
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$1,299,000
Multi-Family Home
15000 Sq. Ft.
ID# 302291
Year Built: 1971
On HomeFinder.com 12/13/11
98248 Real Estate Market Info
- Median years in residence
- 7
- Homes Owned
- 70.84%
- Homes Rented
- 23.56%
- Homes Vacant
- 5.60%
Nearby Elementary Schools
Central Elementary School
5610 2nd Ave
Mountain View Elementary School
5780 Hendrickson Ave
Ferndale Special Services
6041 Vista Dr
Nearby Primary Schools
Meridian Special Programs
214 W Laurel Rd
Lynden Special Services
516 Main St
Nearby Middle Schools
Ferndale High School
5830 Golden Eagle Dr
Ferndale Special Services
6041 Vista Dr
Vista Middle School
6051 Vista Dr
Nearby High Schools
Ferndale High School
5830 Golden Eagle Dr
Meridian Parent Partnership Program
214 W Laurel Rd
Meridian High School
194 W Laurel Rd
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Description
cap Rate 9%. Low vacancy rate! Extensive updates and maintenance includes New Roof in 2006, updated electric, windows and new doors reset for energy efficiency. An opportunity to own a well maintained 20 unit multifamily featuring 1,2 and 3 bedroom units in a high rental demand area with strong cash flow. Rental demand in this area is increasing with job expansion at the refineries. Alcoa and SSA Marine potential for 4,000 new jobs in the area.
Public Facts 
As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If any of the information in this section conflicts with property information provided by the listing agent or broker, the agent-provided information should be deemed more reliable.
- Assessed Taxable Amount
- $958,000
- Tax Amount
- $9,636
- Last Transaction Date
- 04/14/2006
- Last Transaction Purchase Price
- $990,000
- Property Type
- Apartments (5+ Units)
- Home Size (Sqft)
- 13,952
- Lot Size (Sqft)
- 33,541
- Lot Size (Acres)
- 0.77
- Year Built
- 1971
- Exterior Type
- Stucco
Chris Weitzel
RE/MAX Whatcom County
P (855) 246-7540
View My Website View My ListingsChris Weitzel - A trusted name in Whatcom County Real Estate for over 30 years!
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