Last Sold Price
2,160 sqft$139/sqft
7354 Enterprise RdFerndale, WA98248

Description

Four-plex rental unity in central country. Basically no vacancy in last 8 years (other than a few days between tenants). Mostly long-term tenants. Three of the units have been updated and renovated. Aprox. half of lot is rented out for horse pasture. Coin-op laundry services all tenants. Ample parking. Owner manages property. Cap rate 6.8%+. Private well water system monitored / testing approved. Oversized septic has O&M inspection approval. Well draining, sandy loam soil.Four-plex rental unity in central country. Basically no vacancy in last 8 years (other than a few days between tenants). Mostly long-term tenants. Three of the units have been updated and renovated. Aprox. half of lot is rented out for horse pasture. Coin-op laundry services all tenants. Ample parking. Owner manages property. Cap rate 6.8%+. Private well water system monitored / testing approved. Oversized septic has O&M inspection approval. Well draining, sandy loam soil.
LISTING CLOSED: 01/27/2016 12:00 AM

  1. Listed by Ron Young • Muljat Group
    P: (360)-733-3030 ron@neufeldnw.com

Property Details for 7354 Enterprise Road

Status
MLS #
800224
Days on Market
29
Cumulative Days on Market
20
Taxes
$2,704 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1973
Lot Size
1.10 AC / 47,916 SF
Community Name
Ferndale
School District
Ferndale
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
06-08-2015
Sewer
Septic Tank

Location

Listing Courtesy of Muljat Group

Sold By Windermere Real Estate Whatcom

Add your commute

Building Information for 7354 Enterprise Road

Stories1Residences1Year Built1973Building Size-Lot Size1.10 AC / 47,916 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,750 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,525

Property Taxes

$225

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 7354 Enterprise Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet
  • Area: 870 - Ferndale/Custer
  • Directions: I-5 to Grandview Exit, east to Enterprise Rd., left (north) about 2 miles to #7354
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2015
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Coin Op Laundry,Thermal Windows
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: See Remarks, Shared Well
  • Water/Sewer/Garbage: 996
  • Power Company: PSE
  • Sewer Company: Septic
  • Water Company: Group B Well
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Residential
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 8
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 378 x 125
  • Lot Size Source: Assessor
  • Parcel Number Free Text: 400232551075
  • Building Condition: Good
  • Calculated Square Footage: 2160
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2160.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 1
  • Vacancy Rate: 2
  • Number Of Units Total: 1
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $336
  • Total Expenses: 4875
  • Gross Adjusted Income: 24990
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $25,500
  • Insurance Expense: $659
  • Net Operating Income: $20,115
  • Other Expenses: $0
  • Total Monthly Income: 2125
  • Fuel Expense: $180
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2160.0
  • Leasable Area Units: Square Feet

Property History for 7354 Enterprise Road

DateEvent & SourcePriceAppreciation
Jan 27, 2016

Sold

NWMLS #800224

$300,000—
Jan 10, 2016

Sold (Public Record)

Public Record #564554037

$300,000—
Jul 7, 2015

Pending

NWMLS #800224

—
DateEvent & SourcePrice
01/27/2016

Sold

NWMLS #800224

$300,000
01/10/2016

Sold (Public Record)

Public Record #564554037

$300,000
07/07/2015

Pending

NWMLS #800224

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7354 Enterprise Road

Taxable ValueLand$258,743Additions$243,926Total$502,669
Tax Record2025$3,892 ($324 / month)
Home Facts
Baths4Total Finished SqFt2,112 SqFtAbove Ground SqFt2,112 SqFtLot Size43,996 SqFtStyleQuadraplexYear Built1973ZoningR5ACountyWHATCOMAPN400232 551075 0000

Schools near 7354 Enterprise Road

This home is within Ferndale School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Custer Elementary School
PublicK to 5

Horizon Middle School
Public6 to 8

Ferndale High School
Public9 to 12

Ferndale Re-Engagement
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.

Similar Homes

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
–
–
1
576
0.47
$170,000
3
1
944
6.47
$369,900
5
2,238
2.68
–
6
1
1,008
0.48
$195,000
3
1,456
1.6

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Muljat Group

Based on information submitted to the MLS GRID as of 09/05/2024 05:29 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.