5786 Portal Way, Ferndale, WA 98248
- $899,000
- 3,304
- SqFt
Listing Broker: Windermere RE Whatcom, Inc.; Brent McMillan; 360-820-8888; brentmcmillan@windermere.com
- List Price
- $899,000
- Status
- ACTIVE
- MLS#
- 2596530
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,304
- Area Total SqFt
- 3304
- Annual Tax Ammount
- 5015
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
Welcome to 5786 Portal Way, a multi-family Tri-Plex situated in beautiful Ferndale boasting three, 2 bed/2 bath and over 3,300 total sqft, in fantastic condition. Each unit has all appliances including W/D. 6 parking spaces and nearly ZERO vacancy over a 6 year current ownership span. Fantastic tenants who are individually metered and fire sprinkled. Tenants cover their own utilities. Rents are under market value and leases available upon request. Close to Ferndale bus lines and amenities. Seller is fair and negotiable. Rents are lite and one unit just became available.
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Additional Information
- Community
- Ferndale
- Net Operating Income
- $46,417
- Gross Adjusted Income
- $59,994
- Gross Scheduled Income
- $60,600
- Total Monthly Income
- $5,000
- Insurance Expenses
- $3,762
- Gross Rent Multiplier
- 14.83
- Total Expenses
- $8,777
- Cap Rate
- 5.16
- Vacancy Rate
- 1
- Total Number of Units
- 3
- Unit Name
- 5786
- Potential Terms
- Cash, Conventional
- Year Built
- 2006
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Sprinkler System
- Energy Source
- Electric
- School District
- Ferndale
- Middle School
- Vista Mid
- High School
- Ferndale High
- Total Monthly Income
- $5,000
- Gross Scheduled Income
- $60,600
- Vacancy Rate
- 1
- Gross Adjusted Income
- $59,994
- Tax Year
- 2025
- Insurance Expense
- $3,762
- Total Expenses
- $8,777
- Net Operating Income
- $46,417
- Gross Rent Multiplier
- 14.83
- Cap Rate
- 5.16
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.