5709 3rd Avenue, Ferndale, WA 98248
- $395,000
- 2
- BD
- 1
- BA
- 902
- SqFt
Listing courtesy of Windermere RE Whatcom, Inc..
- List Price
- $395,000
- Status
- ACTIVE
- MLS#
- 2573323
- Days on Market
- 0
- Bedrooms
- 2
- Finished SqFt
- 902
- Area Total SqFt
- 902
- Annual Tax Ammount
- 2808
- Lot Size (sq ft)
- 8,276
- Sewer
- Sewer Connected
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.
/u.realgeeks.media/neufeldnw/logo.png){kind=logo}
Additional Information
- Community
- Ferndale
- Style
- 10 - 1 Story
- Basement
- None
- Year Built
- 1924
- Total Covered Parking
- 2
- View
- City, Mountains, See Remarks, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, Outbuildings
- Tax Year
- 2026
- School District
- Ferndale
- Potential Terms
- Cash, Conventional, Rehab Loan, VA Loan
- Driving Directions
- From the I-5, Exit 263 toward Portal Way. At the traffic circle, exit onto Portal Way. At the traffic circle, exit onto 2nd Ave/Portal Way. 2nd Ave curves into Washington St. Turn left onto 3rd Ave
- Energy Source
- Electric
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.