5698 2nd Avenue, Ferndale, WA 98248

$830,000

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$830,000
Status
ACTIVE
MLS#
2017855
Days on Market
60
Lot Size (sq ft)
16,988

Property Description

Don't miss this Investment Opportunity! 6-plex lot with 1.5 units completed. Site Plan approved! Water/sewer stubbed in & parking asphalted for all 6 units. Ready to go! Collect rents while you build. Plus, City offering 8 years of zero property taxes upon completion of project. Completed Unit #1 is 2bed/1bath home with front and back decks. Shop is over 900 sq ft w/ office & plumbed Bathroom. With minimal effort, shop converts to 900 sq ft 2bdrm unit. Detached garage has 700+ sq ft of storage space for storing your building supplies as you build out your 6 plex (while collecting rents on the finished units). Location is perfect. 1 block from Griffintown park & Vanderyacht Park. Neighboring property building a lovely 8 unit complex.

Additional Information

Community
Ferndale
Style
42 - Multi-Family
Zoning Jurisdiction
City
Restrictions
Unknown
Features
Corners Flagged
View
Partial, River, Territorial
Sewer
In Street
Tax Year
2022
School District
Ferndale
Elementary School
Central Elem
Middle School
Vista Mid
High School
Ferndale High
Potential Terms
Cash Out, Conventional, Owner Financing
Driving Directions
I-5 to Portal Way Exit. West at Round-about. Then south on 2nd round-about. Follow 2nd Ave. Property is at the end of 2nd Ave.
Buyer Agency Compensation
2.5
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Calculator source: Real Geeks