7020 Atwood Road, Ferndale, WA 98248

$700,000
2,808
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$700,000
Status
CONTINGENT
MLS#
1938745
Days on Market
36
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,808
Area Total SqFt
2808
Lot Size (sq ft)
225,641

Property Description

Double listed. TWO HOMES & a large shop on over 5-acre lakefront lot. 1512 sqft Primary home (built 1990) boasts 2 bed, 2 bath, and an office. Large living area with view of lake right outside. Kitchen includes butcher block island and plenty of cabinet space. Spacious Primary features 2 walk-in closets & attached bath with clawfoot tub. Outside features recently updated deck, dock, garden with greenhouse, firepit and loads of room to roam. The newer (2002) 1296 sqft 2nd home beholds 3 bed, 2 bath. Primary room with bath & walk-in closet. Currently is rented for $1800/month. The shop is set up for working on whatever you want and fully equipped with 220 amp power. Conveniently located 15 minutes from Bellingham and Lynden.

Additional Information

List Date
2022-05-24 00:08:10
Community
Ferndale
Potential Terms
Cash Out, See Remarks
Year Built
1990
Waterfront
Yes
View
Lake, Mountain(s), Territorial
Roof
Composition
Site Features
Deck, Dock, Green House, Propane, RV Parking, Shop
Heating/Cooling Type
Forced Air
Energy Source
Electric, Propane
School District
Ferndale
Elementary School
Custer Elem
Middle School
Horizon Mid
High School
Ferndale High
Total Monthly Income
$4,300
Gross Scheduled Income
$51,600
Gross Adjusted Income
$51,600
Tax Year
2022
Insurance Expense
$1,500
W/S/G Expenses
$45
Total Expenses
$5,593
Net Operating Income
$46,007
Gross Rent Multiplier
13.57
Cap Rate
6.57
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