$825,000 $4,429 est/mo Sourced by Back At You

5778 2nd Avenue,Ferndale, WA 98248

Ferndale WA, 98248

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Description

A great investment opportunity with major expandability possibilities! 8% Cap Rate! Zoned Urban Residential gives you tons of versatility on highest and best use. Included with the sale is the adjacent lot that is 5,663 sqft. Boasting 7 units in total - five of them are beautiful, fully renovated units, 6th unit just needs some finishing touches. Renovate the store front for even more income. Huge laundry area with coin-op machines and storage units. Use 2 car garage for yourself or rent that too! Tenants will love living right across from Griffintown Park. Walking distance to downtown Ferndale shops, restaurants and Vanderyacht, Pioneer and Hovander Homestead parks!

Details

MLS#2228832
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusPending
Year1900
Days On Site31
Listing Provided ByeXp Realty | Cody S Stacy

Features

Units6
Acreage0.13

Market Activity 98248

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 30 seconds ago
StateWA
CountyWhatcom
CityFerndale
Zip Code98248
Area870 Ferndale | Custer
Community NameFerndale
Listing VS Median (in Ferndale)
Price:
$825,000
low | high
Med:
$644,450
71.884848484848% of Average
On Site:
31
low | high
Med:
209.5
14.797136038186% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 6:45:16 AM PDT