1860-1862 Trigg
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1860-1862 Trigg
8 Unit Apartment Building $2,895,000 ($361,875/Unit) 5.28% Cap Rate Ferndale, WA 98248
Investment Highlights
- Large 1600 SF 3 Bedroom 2.5 Bathroom Units!
- Immediate upside potential.
- Quiet Residential Neighborhood in Ferndale, Washington.
Executive Summary
PRIME NEW CONSTRUCTION Property in Ferndale, WA. This asset consists of eight 3 Bedroom, 2.5 Bathroom townhomes on a large lot. All of the units are 1600 Sq. Ft. each and the property is a 5.1% cap rate day one! Each unit has a private patio, modern finishes, and there is room to increase rental income immediately. Email or Text Jason Lee for any questions that you may have.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$201,600
|
$15.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$201,600
|
$15.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,418
|
$3.78
|
| Net Operating Income |
$153,182
|
$11.97
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $15.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $15.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,418 |
| Annual Per SF | $3.78 |
| Net Operating Income | |
|---|---|
| Annual | $153,182 |
| Annual Per SF | $11.97 |
Property Facts
| Price | $2,895,000 | Property Subtype | Apartment |
| Price Per Unit | $361,875 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.28% | Lot Size | 0.18 AC |
| Sale Conditions | 1031 Exchange | Building Size | 12,800 SF |
| Gross Rent Multiplier | 13.7 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2019 |
| Price | $2,895,000 |
| Price Per Unit | $361,875 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 12,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 8 | $2,100 | 1,600 |
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PROPERTY TAXES
| Parcel Number | 390208-353029-0000 | Improvements Assessment | $678,805 (2023) |
| Land Assessment | $225,000 (2023) | Total Assessment | $903,805 (2023) |
PROPERTY TAXES
Parcel Number
390208-353029-0000
Land Assessment
$225,000 (2023)
Improvements Assessment
$678,805 (2023)
Total Assessment
$903,805 (2023)
zoning
| Zoning Code | RO |
| RO |
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1860-1862 Trigg
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