Awesome opportunity to buy and build a 6 Unit Apartment. This Charming Two Family Flat Located with walking distance of downtown Ferndale. This is situated on an Oversized Lot and the plans are already done and approved for an expanded new construction with 6 units. The current configuration is a 2 Bedroom Lower Unit with a large living room, formal dining room, and kitchen with maple cabinets. The current lower tenant is paying $550 a month. This 1st floor 2 bedroom unit would rent for $1200/mo. The upper unit is a cute 1 bedroom and the current tenant is paying $550. The 2nd floor could rent for $800/mo. Currently, both units are month to month since the owner had planned to rebuild the 6 units. Gas, Electric and water are split 1/3 paid by upper and 2/3 paid by the lower. One car garage, covered front porch, newer dimensional shingled roof, glass block windows. Property is Zoned R-3 for Multiple Family Residential. Current license as a Multi-Family. The value is in the redevelopment
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