$3,500,000

32 Beds 24 Baths 13,972 SQFT 0.27 Acres

Type: Multi-Family

2002 2008 Cherry Street
Ferndale, WA 98248

MLS#: 2572813

Presented by: RE/MAX Whatcom County, Inc. and NWMLS

Property Description

ONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alongside the Boardwalk and river, next to the park and close to restaurants, schools, shopping, and other amenities. Each spacious unit is approximately 1,800 sq. ft. with 4 bedrooms and 3 bathrooms, plus large balconies/decks offering beautiful river and mountain views. Additional features include easy-care laminate flooring, walk-in closets and covered parking beneath the units. A STANDOUT FEATURE IS THE ATTACHED MOTHER IN LAW SUITE IN EVERY UNIT, CONNECTED BY DOUBLE DOORS. This unique and versatile space offers exceptional flexibility for multigenerational living, guests, a home office or potential additional income. With spacious floor plans, covered parking and an incredible riverfront setting, this property offers far more than a traditional multifamily investment. Two 4-plexes, eight spacious units and a truly one-of-a-kind boardwalk/riverfront location make this a rare Ferndale opportunity!

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl Plank

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

Building Area Units0 sqft

Cap Rate6.61

Carport Spaces20

Carport Y/NNo

CityFerndale

CoolingNone

CountyWhatcom

DirectionsI-5 to Exit 262(Main St.) West on Main St. toward downtown Ferndale. Left on 1st Ave, left on Cherry St. Property is on left.

Electric Expense12767

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingWall Furnace

High SchoolFerndale High

High School DistrictFerndale

Insurance Expense12119

Leasable Area13,972 sqft

Listing TermsCash, Conventional, FHA

Living Area0 sqft

Lot Size Square Feet11,761 sqft

Lot Size UnitsSquare Feet

MLS Area870 - Ferndale/Custer

NWM_ShowMapLinkY

Net Operating Income231375

New ConstructionNo

Number Of Units Total8

PossessionClosing

Possible UseMulti-Family, Residential

Property ConditionVery Good

Property Style55 - 5-9 Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksONE-OF-A-KIND BOARDWALK/RIVERFRONT 8-PLEX! Rare opportunity to own two separate 4-plexes offered together as an exceptional 8-unit multifamily property in the heart of Ferndale. Centrally located alo

RoofComposition

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameFerndale

Tax Annual Amount$24,915

Tax Year2025

Units Below Gradefalse

Units In Building Total8

ViewRiver

Water CompanyCity of Ferndale

Water Sewer Garbage17768

Year Built2018

Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total13,972 sqft

Covered Spaces20

Exterior AmenitiesCement/Concrete, Wood Products

Foundation DetailsPoured Concrete

Irrigation Water Rights Y/NNo

Lot FeaturesAlley, Paved, Secluded

Lot Number0

Lot Size Acres0.27

Parking Uncovered Total2

Site FeaturesCable TV, Deck, Electric Car Charging, High Speed Internet, Patio

Total Parking22

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School N/A

Elementary School N/A

High School Ferndale High

Similar Properties

$3,500,000

32 Beds 24 Baths 13,972 SQFT 0.27 Acres

Type: Multi-Family

2002 2008 Cherry Street
Ferndale, WA 98248

MLS#: 2572813

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Property

$3,500,000

2002 2008 Cherry StreetFerndale, WA 98248

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$3,500,000

2002 2008 Cherry StreetFerndale, WA 98248

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2002 2008 Cherry Street
Ferndale, WA 98248

2002 2008 Cherry Street
Ferndale, WA 98248