Incredible turn-key investment opportunity on the edge of downtown Ferndale! 12 new construction zero lot line townhomes (3, 4 unit buildings) 2 beds 1.5 baths, 2 decks & deep (1.5 car) garage. Space for a car plus workshop/storage. Highly efficient units features heat pumps w/AC. Private washer/dryers. Leases are signed & management company is available to manage everything. Building improvements have 8-year tax exemption, so very low expenses. This is new construction with over a 6% cap rate! Versatile investment as these can sell as separate units. Walking distance to parks, schools, downtown & close to I-5 access. Fannie Mae guidelines now allow investor financing w/as little as 5% down! All 3 buildings available separately as well.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
