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!
- Property TypeCommercial
- NeighborhoodFerndale
- CountyWhatcom
- Taxes$4,392
- HOA/Condo/Coop Fees$0
- Days on Site11 Days
- MLS StatusPending
- MLS ID Number2228832
- Home Size Source N/A
- Year Built1900
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 6
- Acreage 0.13
- Water Public
- Sewer Sewer Connected
- Parking Total 6
Interior Features
- Cooling None
- Heating BaseboardForced Air
- Flooring Ceramic TileSoftwoodLaminate
- Interior Ceramic TileFir/SoftwoodLaminate Hardwood
- Fireplace No
Exterior Features
- Roof Flat
- Exterior StuccoWood Products
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 870 - Ferndale/Custer