INCREDIBLE TURN-KEY INVESTMENT OPPORTUNITY IN DOWNTOWN FERNDALE!

Asking Price: $1,600,000
2009 - 2015 Salam Loop Ferndale, WA Usa

About 2009 - 2015 Salam Loop:

Welcome to this incredible turn-key investment opportunity on the edge of downtown Ferndale! This four-unit building features brand new construction zero lot line townhomes, making it the perfect investment for those looking to expand their portfolio.

Each townhome boasts two bedrooms and one and a half baths, providing ample space for residents. With two decks and a deep 1.5 car garage, there is plenty of room for outdoor relaxation and storage. In addition to parking, the garage offers space for a workshop or extra storage, making it a versatile feature for tenants.

These highly efficient units feature heat pumps with AC, ensuring that residents are comfortable year-round. No need to worry about shared laundry facilities, as each townhome comes equipped with its own private washer and dryer.

The property management company is available to handle all aspects of managing the units, providing peace of mind for investors. Leases are already signed, making it a hassle-free investment opportunity.

One of the key advantages of this property is the 8-year tax exemption on building improvements. This translates to incredibly low expenses for investors, maximizing returns and making this investment even more attractive.

Not only does this property offer a strong return on investment, but it also provides flexibility. The townhomes can be sold as separate units, allowing for individual sales if desired. This versatility gives investors options when it comes to maximizing their profits.

Location is everything, and this property delivers. Situated within walking distance to parks, schools, and downtown Ferndale, residents will have easy access to all that the community has to offer. For those commuting, the property is conveniently located close to I-5 access, making travel a breeze.

Whether you are an experienced investor looking to expand your portfolio or a new investor seeking a hassle-free investment opportunity, these brand new construction townhomes in Ferndale are a must-see. With a cap rate of over 6%, this is an investment opportunity not to be missed. Don't wait, schedule your viewing today and take the first step towards securing your financial future.

This property also matches your preferences:

Features of Property

Type

Townhouse

Year Built

Built in 2022

Heating

Ductless hp-mini split, wall furnace

Other

Ductless hp-mini split

Parking

4 Attached garage spaces

Lot

5,662 sqft

Price/sqft

$400 price/sqft

Buyers Agency Fee

2.5% buyers agency fee

Features of Building

Bedrooms and bathrooms
Bedrooms

8

Bathrooms

8

Full bathrooms

4

1/2 bathrooms

4

PrimaryBedroom
Level

Third

Bedroom
Level

Second

PrimaryBedroom
Level

Third

Bedroom
Level

Second

PrimaryBedroom
Level

Third

LivingRoom
Level

Second

LivingRoom
Level

Second

LivingRoom
Level

Second

LivingRoom
Level

Second

Bedroom
Level

Second

PrimaryBedroom
Level

Third

LivingRoom
Level

Second

Bedroom
Level

Second

Basement
Basement

None

Flooring
Flooring

Vinyl Plank, Carpet, Wall to Wall Carpet

Heating
Heating features

Ductless HP-Mini Split, Wall Furnace

Cooling
Cooling features

Ductless HP-Mini Split

Appliances
Included Appliances

Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer, Garbage Disposal, Water Heater: Electric, Water Heater Location: Half Bath

Interior Features
Window features

Double Pane/Storm Window

Other interior features
Total structure area

4,000

Total interior livable area

4,000 sqft

Parking
Total spaces

4

Parking features

Attached Garage, Off Street

Garage spaces

4

Covered spaces

4

Property
Levels

Multi/Split

Entry location

Main

View description

City, Territorial

Topography of land

Level

Lot
Lot size

5,662 sqft

Lot features

Dead End Street, Paved, Cable TV, Deck, High Speed Internet

Other property information
Additional parcel(s) included

3902200240170000,3902200240180000,3902200240190000

Parcel number

3902200240150000

Special conditions

Standard

Inclusions

Dishwasher, Dryer, GarbageDisposal, Microwave, Refrigerator, StoveRange, Washer

Type and style
Home type

Townhouse

Property subType

Townhouse

Material information
Construction materials

Cement Planked

Foundation

Poured Concrete

Roof

Composition

Condition
Property condition

Under Construction

New construction

Yes

Year built

2022

Utility
Electric information

Company: Puget Sound Energy

Sewer information

Sewer Connected, Company: City of Ferndale

Water information

Public, Company: City of Ferndale

Utilities for property

Xfinity/Comcast, Xfinity/Comcast

Location
Region

Ferndale

Subdivision

Ferndale

Other financial information
Buyer agency compensation

2.5%

Other facts
Listing Terms

Cash Out,Conventional,FHA,See Remarks,State Bond,USDA Loan,VA Loan

Property Agent

Paul Balzotti

John L. Scott Bellingham

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