Ferndale, WA 98248,5778 2nd AVE
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Ferndale, WA 98248,5778 2nd AVE
Ferndale, WA 98248,5778 2nd AVE
Ferndale, WA 98248,5778 2nd AVE
Ferndale, WA 98248,5778 2nd AVE
Listed by eXp Realty
Bought with eXp Realty

$800,000

Est. payment /mo

$825,000

3.0%
Est.Price: ?

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5778 2nd AVE Ferndale, WA 98248

7,326 SqFt

SOLD DATE : 07/10/2024

Key Details

Sold Price $800,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,326 sqft

Price per Sqft $109

Subdivision Ferndale

MLS Listing ID 2227808

Style 55 - 5-9 Units

Year Built 1900

Annual Tax Amount $4,392

Lot Size 5,663 Sqft

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!

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Interior

Flooring Ceramic Tile, Softwood, Laminate

Exterior

Exterior Feature Stucco, Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Ferndale

Others

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

Maynard Wagner

Team Leader

+1(206) 369-8201

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