Sold

Listed by: The Foundation Group LLC • Ethan Szmania

Bought with: Hansen Group Real Estate Inc

$1,937,000

2148 E View Place, Ferndale, WA 98248

--beds

--baths

9,744sqft

Multi Family

Built in 1970

-- sqft lot

$2,069,800 Zestimate^®

$199/sqft

$1,809 Estimated rent

Home value

$2,069,800

$1.82M - $2.38M

$1,809/mo

Zestimate^® history

Owner options

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$1,809/mo

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$1,809/mo

Rent Zestimate^®

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$11,412/mo

Est. payment

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$11,412/mo

Est. payment

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What's special

Attractive 12-unit walk-up style apartment building for sale in Ferndale, WA. Current cap rate of 5.84%. Built in 1970 property has favorable unit mix of 11x 2B/1B (812SqFt) and 1x 1B/1B(700SqFt). Property had significant exterior capital improvements within last few years making this a simple value-add play. Property is trending to over an 8% proforma cap rate. This is a can’t-miss opportunity for the value-add investor looking to grow their portfolio in the desirable and growing Whatcom County market.

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 9,744
Total interior livable area: 9,744 sqft

Property

Parking

Total spaces: 19
Parking features: Open
Uncovered spaces: 19

Features

Patio & porch: Wall to Wall Carpet
On waterfront: Yes
Waterfront features: No Bank

Lot

Size: 0.45 Acres
Features: Cul-De-Sac

Details

Parcel number: 3902194932460000
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Wood Products
Foundation: Poured Concrete, Slab
Roof: Composition

Condition

Average
Year built: 1970
Major remodel year: 1970

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Ferndale

Location

Region: Ferndale

Financial & listing details

Price per square foot: $199/sqft
Annual tax amount: $12,897
Date on market: 1/23/2024
Cumulative days on market: 911 days
Listing terms: Conventional,FHA

Price history

Date	Event	Price
2/15/2024	Sold	$1,937,000-0.7%$199/sqft
Source: NWMLS as distributed by MLS GRID #2175948 Report a problem
12/8/2023	Pending sale	$1,950,000$200/sqft
Source: NWMLS as distributed by MLS GRID #2175948 Report a problem
12/2/2023	Listed for sale	$1,950,000$200/sqft
Source: NWMLS as distributed by MLS GRID #2175948 Report a problem
11/19/2023	Pending sale	$1,950,000$200/sqft
Source: NWMLS as distributed by MLS GRID #2175948 Report a problem
10/30/2023	Listed for sale	$1,950,000$200/sqft
Source: NWMLS as distributed by MLS GRID #2175948 Report a problem

Public tax history

Tax history is unavailable.

Neighborhood: 98248

Nearby homes

Nearby schools

GreatSchools rating

6/10
Skyline Elementary School
Grades: K-5Distance: 1 mi
6/10
Vista Middle School
Grades: 6-8Distance: 0.4 mi
5/10
Ferndale High School
Grades: 9-12Distance: 0.4 mi

Schools provided by the listing agent

High: Ferndale High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.