7245 Kickerville Road, Ferndale, WA 98248
- $1,600,000
- 2,523
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 2518037
- Days on Market
- 70
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,523
- Area Total SqFt
- 2523
- Annual Tax Ammount
- 6228
- Lot Size (sq ft)
- 424,274
- Sewer
- Septic Tank
Property Description
Great Investment!! BRAND NEW SEPTIC!!! AND ONE bedroom apartment! This property brings in strong rental income with an 11% cap rate. 8 units are currently rented with agreements, giving you steady cash flow right away. Two mobile home, Tiny house, 2 bed apartment,7 Rv spots AND Shop/Office currently being used by owner) Plus, the 10 acre parcel can be divided into two 5-acre parcels(Buyers to verify) adding even more value. A rare chance to own a property that makes money now and has big potential for the future!
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Additional Information
- List Date
- 2026-05-20 18:08:34
- Community
- Ferndale
- Net Operating Income
- $168,642
- Gross Adjusted Income
- $191,478
- Gross Scheduled Income
- $197,400
- Total Monthly Income
- $16,450
- Insurance Expenses
- $6,000
- Water/Sewer/Garbage Expenses
- $5,328
- Gross Rent Multiplier
- 7.6
- Total Expenses
- $22,836
- Cap Rate
- 11
- Vacancy Rate
- 3
- Total Number of Units
- 7
- Unit Name
- 7245
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 2010
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- Other Expenses
- 5280
- Energy Source
- Electric, Propane
- School District
- Ferndale
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $16,450
- Gross Scheduled Income
- $197,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $191,478
- Tax Year
- 2024
- Insurance Expense
- $6,000
- W/S/G Expenses
- $5,328
- Total Expenses
- $22,836
- Net Operating Income
- $168,642
- Gross Rent Multiplier
- 7.6
- Cap Rate
- 11
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.