5778 2nd Avenue, Ferndale WA, 98248
(Pending)
$825,000
|
7,326 sqft
|
MLS# 2227808
Last Updated: 5/7/2024 6:16 PM
Description for
5778 2nd Avenue
Ferndale, WA 98248
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!
Price
$825,000
Ferndale
Whatcom
7,326 (approx)
2227808
Pending
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!
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 0.13 Acres | 7,326 (approx) | 1900 |
| 2 | Stucco,Wood | |
Ferndale
Public
Sewer Connected
Neighborhood
School Information
| District: Ferndale | ||
Room Information
Interior Features
Hardwood, Ceramic Tile, Laminate, Wood, Softwood
None
Gas Heat, Electric Heating,
Forced Air, Baseboard
Ceramic Tile,Fir/Softwood,Laminate Hardwood
Exterior / Lot Features
6 Parking Spaces,
Wood, Stucco
Flat
Driving Directions
Use GPS.
Financial Considerations
| 3902201761000000 |
| $4,392 |
Conventional
Listing Price History
Ferndale Real Estate
Ferndale is located in Washington. Ferndale, Washington 98248 has a population of 14,733.
The median household income in Ferndale, Washington 98248 is $76,510. The median household income for the surrounding county is $67,590 compared to the national median of $66,222. The median age of people living in Ferndale 98248 is 39 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/30/2024 | Pending | $825,000 USD |
|
| 4/25/2024 | Active | $825,000 USD |
|