2190 Washington St $475,000

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    2190 Washington St Ferndale, WA 98248

    • 0.87 Acres
    • Commercial/Industrial
    Listing# 1429901 | Active

    $475,000

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    Days On Market: 178 0 Views
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    Property Details

    Perfect development lot zoned "Residential Multifamily Medium Density-RMM". The City of Ferndale allows for 10 to 30 units per gross acre. This .87 acre corner lot is close to historic and developer-friendly Downtown Ferndale. Services and utilities are accessible. Other uses include church, adult family home, day nursery, municipal, or complete life care retirement community. Four bed, two bath home is rented. Collect income while you attain permits to build. A solid investment.

    • General Features
      • County Whatcom
      • Zoning Class Multi-Family, Residential, See Remarks
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
      • Lot Dimensions approx 222x179x139x232
    • Building Features
      • Exterior Wood
      • Foundation Concrete Block
      • Roof Composition
      • Floor Covering Fir/Softwood, Vinyl, Wall-to-Wall Carpet
      • Features Storage
      • Heating and Cooling Forced Air
    • Property Features
      • Lot Square Footage 37,897
      • Depth of Lot 0
      • Site Frontage 222
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Ferndale
      • Energy Source Electric, Natural Gas
      • Power Company PUGET SOUND ENERGY
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 1,732
      • Total Monthly Rent $1,500
      • Gross Rent Multiplier 29
      • Cap Rate -NOI div LP 2.8
      • Gross Scheduled Income $18,000
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $14,548
      • Electrical Expenses $0
      • Tax Expense $2,788
      • Heating Expense $0
      • Insurance Expense $664
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2018

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    Neighborhood

    98248 (Ferndale) Demographics

    38Median Age
    327Population Density (per sq. mile)
    36%College Educated
    $62,251 Estimated Median Income
    6,235Estimated Total Home Owners
    2,267Estimated Total Renters
    73% / 27%Estimated Owner / Renter Divide
    0Estimated Average Household Size
    23,163Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $442,500 Median Sales Price
    36 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $475,000
        7/10/2019 5:01:15 PM Status Changed Source New Value: Active
        7/8/2019 2:01:04 PM Status Changed Source New Value: Pending Feasibility
        6/1/2019 5:50:54 PM Price Reduced Source New Value: $475,000 -4.99%
        5/7/2019 9:31:31 AM Price Reduced Source New Value: $499,950 -4.77%
        4/18/2019 8:01:01 AM Status Changed Source New Value: Active
        3/30/2019 2:21:04 PM Status Changed Source New Value: Pending Feasibility
        3/27/2019 2:31:00 PM New in Database Source New Value: $525,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.