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Previous Description:
Investor Special! Possible Owner Terms. Ferndale Fixer-Upper. Zoned Urban Residential. NOT in Flood Area. Potential to add 2 rental units—ADUs (Accessory Dwelling Units)—or, for the ambitious, rebuild as a new 4-Plex. 1902 Craftsman Style home offers 3 Bedrooms, 2 Bathrooms, and a Single Car Garage. Updates over the years include Newer Kitchen and Double Pane Windows. Great Curb Appeal. Seller may finance with 20% Down, leaving $360,000 @ 6.5% interest, about $2,275/mo P&I. Ideal for Flip/Sell or Refi/Cash-Out within a few years.
Updated Description:
Investor Special! Possible Owner Terms. Ferndale Fixer-Upper. 1902 Craftsman Style home offers 3 Bedrooms, 2 Bathrooms, and a Single Car Garage. Updates over the years include Newer Kitchen and Double Pane Windows. Great Curb Appeal. Seller may finance with 20% Down, leaving $360,000 @ 6.5% interest, about $2,275/mo P&I. Ideal for Flip/Sell or Refi/Cash-Out within a few years. Zoned Urban Residential which allows for a variety of Residential and Commercial options. Easiest may be to Build 2-3 New units on the rear yard adjacent to the alley..or go Big with 5-6 Residential units PLUS some Commercial space. Or More Commercial and less Residential... Buyers Choice. Lots of options.
