2041-2047 Salam Loop
Ferndale, WA 98248
$1,554,000
Price
8
Beds
6
Baths
4,000 Sq. Ft.
$389 / Sq. Ft.
4,000
Sq. Ft.
$389
per Sq. Ft.
Listing provided courtesy of John L. Scott Bellingham
Description
Incredible turn-key investment opportunity on the edge of downtown Ferndale! 4 new construction zero lot line townhomes with 2 beds 1.5 baths & deep (1.5 car) garage. Create shop/workout space in back! Highly efficient units feature heat pumps w/AC. Private washer/dryers. Other townhomes in project have a proven track record for rent & low-fee property management available to facilitate everything. Also ideal to live in 1 unit & rent the rest. Building improvements have 7 years of tax exemptions...Incredible turn-key investment opportunity on the edge of downtown Ferndale! 4 new construction zero lot line townhomes with 2 beds 1.5 baths & deep (1.5 car) garage. Create shop/workout space in back! Highly efficient units feature heat pumps w/AC. Private washer/dryers. Other townhomes in project have a proven track record for rent & low-fee property management available to facilitate everything. Also ideal to live in 1 unit & rent the rest. Building improvements have 7 years of tax exemptions upon completion of project. Versatile investment as these can sell as separate units. More units available in same project. Slated for 8-year tax exemption on building improvements. Walking distance to parks, schools, downtown & close to I-5 access
- Listed by Paul Balzotti • John L. Scott Bellingham
Property Details for 2041-2047 Salam Loop
Community Name
Ferndale
School DistrictFerndale
ViewCity, Territorial
Number of Assigned Spaces8
Total Covered Parking4
Entry Date09-03-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:12 PM
Property Details for 2041-2047 Salam Loop
| Status | Active |
|---|---|
| MLS # | 2289577 |
| Days on Market | 75 |
| Cumulative Days on Market | 75 |
| Taxes | $9,560 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2022 |
| Lot Size | 0.13 AC / 5,663 SF |
| County | Whatcom County |
Building Information for 2041-2047 Salam Loop
Stories3Residences4Year Built2022Building Size-Lot Size0.13 AC / 5,663 SF
Property Information for 2041-2047 Salam Loop
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, High Speed Internet
- Area: 870 - Ferndale/Custer
- High School: Ferndale High
- Directions: East on Main Street in Ferndale, turn right (north) in front of Ace Hardware, then left on Salam Loop. Show 2009 Salam Loop.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Playground
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Wall Unit(s)
Exterior Features
- Exterior: Cement Planked, Stone, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Puget Sound Energy
- Sewer Company: City of Ferndale
- Water Company: City of Ferndale
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Estimated Completion Date: 2024-09-15
- Letter On File: Duplicate Prop Type
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 15
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 3902200060230000
- Building Condition: Under Construction
- Calculated Square Footage: 4000
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4000.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 3
- Vacancy Rate: 1
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 13073
- Gross Adjusted Income: 106682
- Gross Rent Multiplier: 14.4
- Gross Scheduled Income: $107,760
- Insurance Expense: $1,888
- Net Operating Income: $93,609
- Other Expenses: $1,625
- Total Monthly Income: 8980
- Fuel Expense: $0
Unit 1
- Name Unit 1: 2041
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1000
- Rent Unit 1: $2,295.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 2043
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1000
- Rent Unit 2: $2,195.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: 2045
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1000
- Rent Unit 3: $2,195.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: 2047
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1000
- Rent Unit 4: $2,295.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 40000.0
- Leasable Area Units: Square Feet
Property History for 2041-2047 Salam Loop
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2041-2047 Salam Loop
This home is within Ferndale School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Central Elementary School PublicPK to 5 | ||
Vista Middle School Public6 to 8 | ||
Windward High School Public9 to 12 | ||
Ferndale High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of John L. Scott Bellingham
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
