INCREDIBLE TURN-KEY INVESTMENT OPPORTUNITY IN DOWNTOWN FERNDALE!
Asking Price: $1,600,000
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
Townhouse
Built in 2022
Ductless hp-mini split, wall furnace
Ductless hp-mini split
4 Attached garage spaces
5,662 sqft
$400 price/sqft
2.5% buyers agency fee
Features of Building
8
8
4
4
Third
Second
Third
Second
Third
Second
Second
Second
Second
Second
Third
Second
Second
None
Vinyl Plank, Carpet, Wall to Wall Carpet
Ductless HP-Mini Split, Wall Furnace
Ductless HP-Mini Split
Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer, Garbage Disposal, Water Heater: Electric, Water Heater Location: Half Bath
Double Pane/Storm Window
4,000
4,000 sqft
4
Attached Garage, Off Street
4
4
Multi/Split
Main
City, Territorial
Level
5,662 sqft
Dead End Street, Paved, Cable TV, Deck, High Speed Internet
3902200240170000,3902200240180000,3902200240190000
3902200240150000
Standard
Dishwasher, Dryer, GarbageDisposal, Microwave, Refrigerator, StoveRange, Washer
Townhouse
Townhouse
Cement Planked
Poured Concrete
Composition
Under Construction
Yes
2022
Company: Puget Sound Energy
Sewer Connected, Company: City of Ferndale
Public, Company: City of Ferndale
Xfinity/Comcast, Xfinity/Comcast
Ferndale
Ferndale
2.5%
Cash Out,Conventional,FHA,See Remarks,State Bond,USDA Loan,VA Loan
Property Agent
Paul Balzotti
John L. Scott Bellingham