Unit Ferndale Flats on Woodward
Available
December 15, 2023
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Available on
December 15, 2023
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Time on Market
4 months
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Last updated
Dec 14, 2023
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Space ID
2152482
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Presented By
The Waller Group, LLCLogan Waller
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Property Details
- The property includes 1 leased retail space at $3k/month through 2026 and a billboard currently leased for $10k/year. - Community amenities include laundry facilities on-site, secured/ gated surface parking, electric car charging station, and bike racks. - New ownership, based upon area rent comps, can raise rents up to $90 / unit. - Rent growth and median income is well above surrounding cities, while crime rate and vacancy rate are well below surrounding areas. - Subject property has an assumable loan with a current balance of $2,307,000 at a 5.1% interest rate. - The Ferndale submarket experienced 6.2% 12-month rent growth
- Property TypeMulti-Family
- Submarket
- Year Built1961
- Total Building Size18,495RSF
- Total Available18,495RSF
- Last updatedDec 15, 2023
- Property ID2230766
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