2074 Cottage PlaceFerndale, WA 98248
Welcome to this updated 3-bed, 2-bath home, just shy of 1,200 sq. ft., offering a fully remodeled 320 sq. ft. ADU with 1 bed, 1 bath home. Perfect for guests, rental income, or extended living, the ADU has been meticulously renovated down to the studs with high-quality finishes and contemporary design. With multifamily zoning, this property offers an incredible opportunity to expand with an additional 2-5 units. For those considering rental income, the projected rent is approximately $2,400/month for the main house and $1,200/month for the ADU, resulting in a competitive 5.85% cap rate if fully rented. Whether you're looking for a move-in-ready home with income potential or an investment property with room to grow, this is the one!
- Property Type:
Residential
- Architectural Style:
- Bedrooms:
3
- Bathrooms:
2
- Dwelling Size:
1,172 Square Feet
- Lot Size:
0.18 Acres
- Lot Description:
- Stories:
- Year Built:
1951
- Interior Features:
Double Pane/Storm Window, Dining Room, Fir/Softwood, Water Heater
- Exterior Features:
Wood
- Parking:
Garage or Parking Spaces:
Features: ["None"]
- Area:
870 - Ferndale/Custer
- Views:
Territorial
- Schools:
High School(s): Ferndale
- HOA:
- Senior Community:
False
- Heating:
- Cooling:
- Appliances:
Disposal, Refrigerator(s), Stove(s)/Range(s)
- Fireplace:
Fireplace(s): 0
Features:
- Accessibility:
- Security Features:
PartiallyFenced
- Foundation:
Poured Concrete
- Roof:
Composition