6485 Malloy Road, Ferndale, WA 98248

$985,000

Listing courtesy of Premier Properties NW. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$985,000
List Price
$985,000
Status
SOLD
MLS#
1450225
Closing Date
Dec 02, 2019
Days on Market
154
Annual Tax Ammount
6052

Property Description

Mobile Home Park is actually a real Park w/ lawns, water-features, open spaces, giant Roddy's & Trees. There are 7 units of different age/style, all park owned. The owner's home is a 2004 64x28 & could be rented (income includes actual & proforma for owner's home & 30x40' shop. Has it's own deep-water well & certified system. In Path of Progress/Ferndale Comp Plan-can Anex to to City in 2021. Once sewer is available, density might be increased X 3. Ask your Broker for all attached files.

Additional Information

Community
Ferndale
Building Condition
Good
Style
72 - Mobile Home Park
# of Assigned Spaces
12
Roof
Composition, Metal
Tax Year
2018
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air, Ceramic Tile, Wall to Wall Carpet
Flooring
Ceramic Tile, See Remarks, Vinyl, Carpet
Driving Directions
Corner of Aldergrove/Malloy. Ferndale, Main St N on 2nd to Vista, to Malloy, to Address, or I-5 Grandview exit, S on Portal Way, to Brown Rd, S on Malloy to address. Thornton Overpass coming in 2019
Net Operating Income
$55,194
Gross Adjusted Income
$75,281
Gross Scheduled Income
$75,860
Cap Rate
5.6
Vacancy Rate
1
Total Expenses
$20,087
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