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$498,000 New For Sale

6420 Malloy Rd
Ferndale, WA 98248

lot: 8.55 acres | Residential Lots & Land - MLS# 1404429
Property Photo
1/22

Description

Investment Opportunity. This parcel is 8.55 acres located within the City Limits of Ferndale. Zoned Residential Single Family 4-7 homes per acre. Prior research showed a possibility of up to 31 new residential building lots. Possible owner financing with $148,000 down, leaving balance of $350,000 at 6% interest. Interest only payments would be $1,750 per month (or more at Buyers option) PLUS a 1188 SQFT Double Wide built in 1991 currently rented at $800 per month.

Features

  • Area: Ferndale
  • Area Number: 870
  • County/Area: Whatcom County
  • Electricity: On Property
  • Elementary School: Cascadia Elem
  • Gas: Not Available
  • General Zoning Class: Residential
  • High School: Ferndale High
  • Level: Mostly
  • Listing Status: Active
  • Lot Details: Paved Street
  • Lot Size: 8.5500
  • Middle School: Horizon Mid
  • Preliminary Title Ordered: Yes
  • Property Features: Pasture Land
  • Property Type: Residential Lots & Land
  • Restrictions: No Restrictions
  • Road Information: County Maintained, Paved
  • School District: Ferndale
  • Sewer: Available
  • Slope of Property: East
  • Stories: Res-Over 1 Acre
  • Sub Type: Residential Lots & Land
  • Topography: Level, Sloped
  • Water: Drilled Well
  • Zip Code: 98248
  • Zoning Remarks: Residential S.f. Med
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-02-18

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