5778 2nd Avenue Ferndale, WA $ 825,000
5778 2nd Avenue
$ 825,000
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5778 2nd Avenue

Ferndale, WA, 98248
$ 825,000
Baths0.0 Sq 7,326

Monthly Estimate*

$ 5,483

Listed by eXp Realty
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Studio

Multi-Family Home for sale in Ferndale, WA

for $825,000. This 7,326 square foot home was built in 1900 on a lot size of 0.13.

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!

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Multi-Family Pending

Price

$ 825,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,392

Style

5-9 Units

Lot Size

0.13

Year Built

1900

Town/City

Ferndale

County/Region

Whatcom

MLS | Web ID

2227808

Features
General
Interior Features Ceramic Tile Fir/Softwood Laminate Hardwood
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession See Remarks Tenant's Rights
Roof Flat
Exterior Features Stucco Wood Products
HOA 0
Year Built 1900
Property SubType Multi-Family
Tax Year 2024
County Whatcom
Net Operating Income 65776
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Ferndale
Special Listing Conditions None
Status Pending Inspection
Directions Use GPS.
City Ferndale
Buyer Agent Compensation 3
View Y/N N
Senior Community Y/N N
High School District Ferndale
Open Parking Spaces 4
NumberOfUnitsTotal 6
MLS Area 870 - Ferndale/Custer
Lot Size Units Square Feet
Lot Size Square Feet 5663
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 2nd
Listing Terms Cash Out Conventional
Tax Annual Amount 4392
Electric Expense 5726.01
Fuel Expense 0
Property Condition Fair
Public Remarks 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 adjace
Leasable Area 7326
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Water Company City of Ferndale
Units Below Grade false
Units In Building Total 7
Water Sewer Garbage 7288.26
Property Style 55 - 5-9 Units
Cap Rate 8
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Interior
Flooring Ceramic Tile Softwood Laminate
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 6
Building Area Total 7326
Street Suffix Avenue
Lot Size Acres 0.13
Covered Spaces 2
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 4
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Internal Only
OriginalMLSID NWM2227808
Street Number 1 5778
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* Excluded Features
List By
Cody Stacy

Listing Agent

Exp Realty

Broker

Affordability Calculator

$5,849
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,483
Monthly Property Taxes
$366
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
257491 Elementary School
256663 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$825,000 Listed Price

Map


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5778 2nd Avenue, Ferndale, WA, 98248 is a Multi-Family Home for sale at $825,000 with 7,326 sqft and a lot size of 0.13. 5778 2nd Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 98248 which is in Ferndale, WA