Property summary
This exceptional commercial property, located at 2080 Alder Street in the heart of downtown Ferndale, Washington, presents a unique investment opportunity for both owner-users and investors. The well-maintained building offers a versatile layout, ideal for a variety of businesses. The main floor encompasses a spacious office area, thoughtfully divided into five private offices, a welcoming reception area, two convenient restrooms, and a fully equipped kitchen. This area is currently projected to generate $2,500 in monthly rental income. Adding to its appeal, the property includes a substantial second-floor apartment, boasting two bedrooms, two bathrooms, and a generous 1800 square feet of living space. This apartment is projected to command a monthly rental income of $2,000. The property is ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. Its prime downtown location offers excellent visibility and accessibility, ensuring high traffic and potential for strong tenant occupancy. The combination of office space and a residential apartment provides a unique opportunity for diversified income streams and potential for future appreciation. This turnkey property is an exceptional investment opportunity in a thriving downtown area. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Plumbing Service
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
CTC · Ferndale, WAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CTC in Ferndale, WA.
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