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Deanne Minkoff

broker@deanneminkoff.com +1(360) 219-5857

Listed by:Windermere RE Whatcom, Inc. • Mike Kooy

$ 395,000

Est. payment | -/mo

2 Beds

1 Bath

902 SqFt

Save

$ 395,000

Est. payment | -/mo

Save

2 Beds

1 Bath

902 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 902 sqft

Price per Sqft $437

Subdivision Ferndale

MLS Listing ID 2573323

Style 10 - 1 Story

Bedrooms 2

Full Baths 1

Year Built 1924

Annual Tax Amount $2,808

Lot Size 8,276 Sqft

Property Sub-Type Single Family Residence

Property Description

Fantastic multifamily development opportunity in the heart of downtown Ferndale. The value is in the land, with architectural and civil design complete for a 9-unit apartment building with an optional retail component along the 3rd Avenue frontage. The completed design work is included in the sale, offering significant time and cost savings for a future developer. City of Ferndale Urban Residential (UR) zoning provides flexibility for mixed commercial and/or high-density residential development. Conveniently located within walking distance of shopping, restaurants, and grocery stores, with quick access to I-5, this property is well positioned for strong long-term rental demand. The existing 2-bedroom home, 2-car garage, and two outbuildings are in need of updating and would require rehabilitation if a buyer intends to preserve and utilize the existing improvements.

Location

State WA

County Whatcom

Area 870 - Ferndale/Custer

Rooms

Basement None

Main Level Bedrooms 2

Interior

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Fenced-Partially, Gas Available, Outbuildings

View Y/N Yes

View City, Mountains, See Remarks, Territorial

Roof Type Composition

Garage Yes

Building

Lot Description Curbs, Paved, Sidewalk

Story One

Sewer Sewer Connected

Water See Remarks

New Construction No

Schools

School District Ferndale

Others

Senior Community No

Acceptable Financing Cash, Conventional, Rehab Loan, VA Loan

Listing Terms Cash, Conventional, Rehab Loan, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(360) 219-5857

broker@deanneminkoff.com

NE 77th Ave, Suite #275, Vancouver, WA 98662, USA

5709 3rd AVE Ferndale, WA 98248

Deanne Minkoff

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5709 3rd AVE