1655 Main St - Apartments FOR SALE


Ferndale, WA 98248
$16,600,000 USD
360-305-9977
1655 Main St, Ferndale, WA for Sale
$16,600,000 USD
Apartments - FOR SALE
1/8
null | 5.5% Cap Rate

1655 Main St
Ferndale, WA 98248


OVERVIEW

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, 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 these units. 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.

FOR SALE DETAILS

PRICE

$16,600,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

66

PRICE/UNIT

$251,515

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Corner Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

70

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

KC CooncPacific Continental Realty, LLCMore Info
360-305-9977

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KC CooncPacific Continental Realty, LLCMore Info
360-305-9977

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.