PRIME NEW CONSTRUCTION Property in Ferndale, WA. This asset consists of eight 3 Bedroom, 2.5 Bathroom townhomes on a large lot. All of the units are 1600 Sq. Ft. each and the property is a 5.1% cap rate day one! Each unit has a private patio, modern finishes, and there is room to increase rental income immediately. Email or Text Jason Lee for any questions that you may have.