Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car plus workshop/storage. Highly efficient units features heat pumps w/AC. Private washer/dryers. Leases are signed & management company is available to manage everything. Building improvements have 8-year tax exemption, so very low expenses. This is new construction with over a 6% cap rate! Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access. Fannie Mae guidelines now allow investor financing w/as little as 5% down! All 3 buildings available separately as well.
