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Ferndale Apartments

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Ferndale Apartments

2363 2375 Main St, Ferndale, WA 98248
Multi-Family For Sale Pending Built 2008 3 floors Zoning: RMM
Asking Price
$11,250,000
Total Building52,572 SF
Land99,317 SF land
Parking Total114
& Uncov.
ConstructionConcrete
MarketWhatcom County
CountyWhatcom

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Overview

Property ID
243140
Listing ID
698649
Type
Multi-Family
Asset Class
Multi-Family
Zoning
RMM

Description

Outstanding opportunity to acquire Garden Grove, an apartment community located in Ferndale, WA.Built in four phases spanning 1970, 1975, 2008, and 2011, Garden Grove (the “Property or “Subject,”) is a 65-unit garden-style apartment community consisting of twelve studio units, eleven 1-bedroom 1-bathroom units, and forty-two 2-bedroom 2-bathroom units. Future investors stand to benefit from the significant updates to the Property completed by current ownership, positioning Garden Grove as a premier investment opportunity in the market. Approximately $1.2M has been spent in interior and exterior renovations since 2022, including siding work, decks, fire system upgrades, flooring, paint, and appliances.Situated on Main Street, Ferndale’s central thoroughfare, and less than a mile from In

Documents

Listing Courtesy of:

CZ
Casey Zejdlik
Jones Lang LaSalle
601 Union St. Ste 2800,
Seattle, WA 98101
State: WA City: Ferndale ZIP: 98248 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.