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Listing Firm: The Foundation Group LLC: Ethan Szmania

Bought With: Hansen Group Real Estate Inc : Jon Hansen

SOLD On February 15, 2024
NWMLS # 2175948

$1,937,000

  • Sold Price
  • - Beds
  • - Baths
  • 9744 Sq.ft.

2148 E View Place , Ferndale, WA 98248

Listings with the three tree icon are courtesy of NWMLS

About This Property

Attractive 12-unit walk-up style apartment building for sale in Ferndale, WA. Current cap rate of 5.84%. Built in 1970 property has favorable unit mix of 11x 2B/1B (812SqFt) and 1x 1B/1B(700SqFt). Property had significant exterior capital improvements within last few years making this a simple value-add play. Property is trending to over an 8% proforma cap rate. This is a can’t-miss opportunity for the value-add investor looking to grow their portfolio in the desirable and growing Whatcom County market.

Buyer's Agent: Jon Hansen • Hansen Group Real Estate Inc

Listed by: Ethan Szmania • The Foundation Group LLC

Aris360 Last Checked: 1 Minute Ago (Jun 07, 2025 04:03 PM)

  • Source: NWMLS as Distributed by MLS Grid #2175948

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: View
  • Zip/Postal Code: 98248
  • City: Ferndale

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Property Features

  • County
    • Ferndale
  • Community
    • 870 - Ferndale/Custer
  • MLS Area
    • 870 - Ferndale/Custer
  • Longitude
    • -122.598987
  • Latitude
    • 48.855105
  • Directions
    • see google maps

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 19
  • Lot Description
    • Cul-De-Sac,
  • Foundation
    • Poured Concrete,
    • Slab,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood Products
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Average,
  • Building Total Area (Sq. Ft.)
    • 19602

  • High School District
    • Ferndale
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Ferndale High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $12897
  • Year Built
    • 1970
  • Effective Year Built
    • 1970
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 2025 . 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.

Jun 07, 2025 04:03 PM