5094 Labounty, Ferndale, WA 98248

$2,975,000

Listing courtesy of Windermere Real Estate Whatcom.

List Price
$2,975,000
Status
ACTIVE
MLS#
1481582
Days on Market
61
Lot Size (sq ft)
1,089,000

Property Description

Major Multi-Family Development site located in South Ferndale near City limits of Bellingham. This 25+ acre site is zoned for 30 MF units per acre. Nice level land is ideal for surface parked multi-family. Serviced by City of Ferndale, water and sewer. Current rental properties provide $65,000 in annual income to offset holding costs during planning and permitting.

Additional Information

Community
Ferndale
Property Type
VACL
Style
42 - Multi-Family
Zoning Classification
Business, Commercial, Multi-Family
Features
Lightly Treed, Pasture Land
Electricity
On Property
Gas
Available
Water
In Street
Sewer
In Street
Annual Taxes
$5,016
Tax Year
2019
School District
Ferndale
Potential Terms
Cash Out, Conventional
Lot Details
Paved Street
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Mortgage Calculator

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Calculator source: Real Geeks