5778 2nd Avenue , Ferndale, Wa 98248

WA, Ferndale
$825,000
  • 7,326 Sqft
  • Residential Income Property Type
  • 1900 Year Built
  • Closed Status
Property 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!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2227808
  • Price: $825,000
  • Square Footage: 7,326 Sqft
  • Year Built: 1900
  • Lot Area: 0.13 Acre
  • Status: Closed
  • Office Name: eXp Realty
  • Agent Name: Cody Stacy
  • Property Sub Type: Multi-Family
  • Roof: Flat
Features
  • Heating System Forced Air, Baseboard
  • Cooling System None
  • Exterior Features Stucco, Wood Products
  • Flooring Ceramic Tile, Laminate, Softwood
  • Interior Features Ceramic Tile, Laminate Hardwood, Fir/Softwood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Whatcom
  • City Ferndale
  • Zipcode 98248
  • Street: 2nd
  • Street Number: 5778
  • Street Suffix: Avenue
  • Longitude: W123° 24' 37.9''
  • Latitude: N48° 51' 4''
  • Directions: Use GPS.
  • Mls Area Major: 870 - Ferndale/Custer
Neighborhood
  • High School District: Ferndale
Additional Information
  • Water Source: Public
  • Stories Total: 2
  • On Market Date: 2024-04-25
  • Number Of Units Total: 6
Financial
  • Tax Annual Amount: 4392
Listing Information
  • List Agent Mls Id: 109716
  • List Office Mls Id: 7790
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:49Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-07-10T18:12:45Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

Similar Properties

MLS On The Fly