2009 Main Street, Ferndale, WA 98248
- $590,000
Listing courtesy of Muljat Group. Selling Office: Rockwood Realty.
- Sold Price
- $590,000
- List Price
- $625,000
- Status
- SOLD
- MLS#
- 1669073
- Closing Date
- Mar 31, 2021
- Days on Market
- 145
- Annual Tax Ammount
- 4105
Property Description
Great opportunity to own a stand-alone retail or office building in downtown Ferndale! 4,080 SF on the street level, with a lower level apartment (approximately 1,140 SF) and a 2,940 SF storage area. Over 8,000 SF of building area! Street and off-site parking are available to the site. Divide and lease out the main level, or owner-occupy this great investment.
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Additional Information
- Community
- Ferndale
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1955
- # of Assigned Spaces
- 6
- Roof
- Flat, Torch Down
- Tax Year
- 2020
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Forced Air, Concrete, Wall to Wall Carpet
- Flooring
- Concrete, Vinyl, Carpet
- Driving Directions
- From I-5, take exit 262 towards City Center. Turn onto Main Street towards downtown Ferndale. Continue to follow Main Street, property will be on left side of Main Street.
- Other Expenses
- 8512
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $44,131
- Gross Adjusted Income
- $56,749
- Gross Scheduled Income
- $61,020
- Cap Rate
- 7
- Vacancy Rate
- 7
- Total Expenses
- $12,617
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