Description
Incredible turn-key investment opportunity on the edge of downtown Ferndale! 8 brand new construction zero lot line townhomes (2, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car, plus workshop/storage in back. Highly efficient units feature heat pumps w/AC. Private washer/dryers. Leases are getting signed and low fee property management company is available to facilitate everything. Also ideal for those that want to live 1 unit & rent the rest. Building improvements have 10 year tax exemption, so very low expenses and nearly a 6% cap rate. Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access.
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8BEDS
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0.26ACRES
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8BATHS
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81/2 BATHS
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8,000SQFT
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$390$/SQFT
Listing information ©2023 Northwest MLS. Listing courtesy of John L. Scott Bellingham.
Sold by .Description
Incredible turn-key investment opportunity on the edge of downtown Ferndale! 8 brand new construction zero lot line townhomes (2, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car, plus workshop/storage in back. Highly efficient units feature heat pumps w/AC. Private washer/dryers. Leases are getting signed and low fee property management company is available to facilitate everything. Also ideal for those that want to live 1 unit & rent the rest. Building improvements have 10 year tax exemption, so very low expenses and nearly a 6% cap rate. Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-05-29T21:14:16.717. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-05-29T21:14:16.717. 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.