14
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Listed by HomeSmart One Realty
$1,525,000
Est. payment /mo
12 Beds
10 Baths
5,616 SqFt
New
1825 Eastgate LOOP Ferndale, WA 98248
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,616 sqft
Price per Sqft $271
Subdivision Ferndale
MLS Listing ID 2439236
Style 54 - 4-Plex
Bedrooms 12
HOA Fees $850/ann
Year Built 2020
Annual Tax Amount $10,470
Lot Size 10,454 Sqft
Property Sub-Type Multi Family
Property Description
Modern 4-plex investment built in 2020 with excellent rental history and low vacancy. Designed with durability and style, each unit includes quartz countertops, soft-close cabinetry, stainless steel appliances, and luxury vinyl plank flooring. The main living level offers an open-concept kitchen and living room, half bath, and private deck. Upstairs, all bedrooms and laundry are conveniently located, with the primary suite featuring a walk-in closet and ensuite bath. Ground level provides a full two-car garage with additional storage space and exterior access. With reliable cash flow, minimal maintenance, and strong tenant demand, this turnkey property is performing at a 5.9% CAP rate (more if self managed) and 13.59 GRM.
Location
State WA
County Whatcom
Area 870 - Ferndale/Custer
Interior
Flooring Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Ferndale
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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