This solidly constructed building is in a quiet neighborhood of multi-family housing in the City of Ferndale. The location is at the end of a dead-end street. Each of the units has a deep single car garage with storage. Most windows have been upgraded to vinyl in recent years. Each of the units has a patio or deck. The building includes plenty of parking, a great location and with the garages and single level living in each unit they are easy to rent. The units are on annual leases which could be raised closer to the market as they renew. Easy access to shopping, downtown and near the bus route. There is nothing but money to be made with this great investment opportunity!
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The average household income in
Ferndale, WA
grew
from
$56,859
to
$61,125
in the past year. This data is an estimate based upon
5,006
households in
Ferndale, WA. The chart below presents how household income is distributed in
Ferndale, WA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Ferndale, WA
compared to median property taxes around the country. The prevalent amount of property taxes in
Ferndale, WA
equals
$2k-$3k
, which is
less
than the national average.