MLS® ID: 1405010
6420 Malloy Rd
Ferndale, Washington, 98248 $479,000
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.