Sold

Listed by: eXp Realty

Bought with: eXp Realty

$800,000

5778 2nd Avenue, Ferndale, WA 98248

--beds

--baths

7,326sqft

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$109/sqft

$3,286 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,286/mo

Zestimate^® history

Owner options

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$3,286/mo

Rent Zestimate^®

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$4,739/mo

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$4,739/mo

Est. payment

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What's special

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!

Facts & features

Interior

Heating

Baseboard, Forced Air, Electric, Natural Gas

Cooling

None

Features

Flooring: Ceramic Tile, Softwood, Laminate
Has fireplace: No

Interior area

Total structure area: 7,326
Total interior livable area: 7,326 sqft

Property

Parking

Total spaces: 6
Parking features: Open
Covered spaces: 2
Uncovered spaces: 4

Features

Patio & porch: Ceramic Tile, Fir/Softwood, Laminate Hardwood

Lot

Size: 5,662 sqft

Details

Parcel number: 3902201761000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Stucco, Wood Products
Roof: Flat

Condition

Fair
Year built: 1900

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: City of Ferndale
Water: Public, Company: City of Ferndale

Community & neighborhood

Location

Region: Ferndale
Subdivision: Ferndale

Other

Other facts

Listing terms: Conventional
Cumulative days on market: 630 days

Price history

Date	Event	Price
7/10/2024	Sold	$800,000-3%$109/sqft
Source: NWMLS as distributed by MLS GRID #2227808 Report a problem
4/30/2024	Pending sale	$825,000$113/sqft
Source: NWMLS as distributed by MLS GRID #2227808 Report a problem
4/25/2024	Listed for sale	$825,000+43.5%$113/sqft
Source: NWMLS as distributed by MLS GRID #2227808 Report a problem
10/2/2020	Sold	$575,000-14.8%$78/sqft
Source: NWMLS as distributed by MLS GRID #1599247 Report a problem
9/4/2020	Pending sale	$675,000$92/sqft
Source: Windermere Real Estate/Whatcom, Inc. #1599247 Report a problem
8/6/2020	Price change	$675,000-15.5%$92/sqft
Source: Windermere Real Estate/Whatcom, Inc. #1599247 Report a problem
7/6/2020	Listed for sale	$799,000$109/sqft
Source: Windermere Real Estate/Whatcom, Inc. #1599247 Report a problem
6/2/2020	Pending sale	$799,000$109/sqft
Source: Windermere Real Estate/Whatcom, Inc. #1599247 Report a problem
5/9/2020	Listed for sale	$799,000$109/sqft
Source: Windermere Real Estate/Whatcom, Inc. #1599247 Report a problem