New construction multifamily property completed in April of 2024. This shiny new 66-unit building has 38 studios, 12 loft studios, 4 live/work studios, 2 live/work two-bedroom, 6 two-bedroom, 4 two-bedroom lofts, and 70 parking spaces. The property is in Ferndale, just a few minutes from Bellingham, next to the WTA Bus Depot and Kid’s World Early Learning Center. Ferndale’s demand for new apartment units was off the charts for this property. Each unit has air conditioning, stack washer/dryers, laminate flooring, large windows, and efficient floor plans. The building design boasts spacious common areas that are enjoyed by the tenants. Professionally managed by PCR.
One-Of-A-Kind Ferndale Boardwalk/Riverfront Triplex. Three bedrooms per unit! Centrally located to restaurants, parks, schools & shopping. Tall ceilings, dining areas, all have master bedrooms on the main, front patio areas alongside boardwalk/river, parking under units, sprinklered. Two units have basement hallways w/ carport access to unit. Each unit has multiple bonus storage areas (range in size) underneath that are available to produce more income. Two larger units boast partially covered decks from 2nd floor overlooking the river and mountain views. Would also make for a wonderful owner occupied options. Approximately 4,952 sq ft of living space with another 1,485+- unfinished sq ft beneath the units plus covered parking.
Ferndale is located in Washington. Ferndale, Washington has a population of 14,777. Ferndale is more family-centric than the surrounding county with 43.62% of the households containing married families with children. The county average for households married with children is 31.2%.
The median household income in Ferndale, Washington is $77,746. The median household income for the surrounding county is $70,011 compared to the national median of $69,021. The median age of people living in Ferndale is 32.7 years.
The average high temperature in July is 72.3 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 37.3 inches per year, with 7.9 inches of snow per year.