5778 2nd Avenue
Ferndale, WA 98248
7326 sqft | 0.13 acres | #2227808
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!
Financial Details
- Days on Market (Cumulative)5
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-07-10 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Courtesy
Listing Agent: Cody Stacy (#NWM109716)
Listing Office: eXp Realty (#NWM7790)
Listing Courtesy (Buyer)
Buyer's Agent: Cody S Stacy (#NWM109716)
Buyer's Office: eXp Realty (#NWM7790)
