5751 Fallbrook Lane, Ferndale, WA 98248
- $1,050,000
- 4,426
- SqFt
Listing Broker: Windermere Real Estate Whatcom; Chet E. Kenoyer; ; Selling Office: COMPASS.
- Sold Price
- $1,050,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 2416773
- Closing Date
- Oct 01, 2025
- Days on Market
- 22
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,426
- Area Total SqFt
- 4426
- Annual Tax Ammount
- 7542.09
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
This recent 2013 built 4-PLEX offers a unique design with 2 standalone buildings, one with two town house style units, and the other with a daylight rambler style units. Each unit has an open floorplan, 2 bedrooms, 2 1/2 baths, gas fireplaces, laundry, and either a deck or patio. Located at the very end of a quiet non through street and downtown Ferndale. The gross rent totals is $85,000 and has room to increase. This complex is professionally managed his property and is the perfect way to get your foot in the door to build your real estate investment portfolio in the growing Whatcom County market!
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/lakecavanaughrealty%252FLCRElogoeddie.png)
Additional Information
- List Date
- 2025-09-09 00:00:00
- Community
- Ferndale
- Net Operating Income
- $67,651
- Gross Adjusted Income
- $83,202
- Gross Scheduled Income
- $84,900
- Total Monthly Income
- $7,075
- Insurance Expenses
- $3,250
- Gross Rent Multiplier
- 12.9
- Total Expenses
- $15,550
- Cap Rate
- 6.1
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 5751
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2013
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Patio
- Other Expenses
- 4758
- Energy Source
- Electric
- School District
- Ferndale
- Total Monthly Income
- $7,075
- Gross Scheduled Income
- $84,900
- Vacancy Rate
- 2
- Gross Adjusted Income
- $83,202
- Tax Year
- 2025
- Insurance Expense
- $3,250
- Total Expenses
- $15,550
- Net Operating Income
- $67,651
- Gross Rent Multiplier
- 12.9
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.