Ferndale Apartments #243140

Status: Available
Outstanding opportunity to acquire Garden Grove, an apartment community located in Ferndale, WA.Built in four phases spanning 1970, 1975, 2008, and 2011, Garden Grove (the “Property or “Subject,”) is a 65-unit garden-style apartment community consisting of twelve studio units, eleven 1-bedroom 1-bathroom units, and forty-two 2-bedroom 2-bathroom units. Future investors stand to benefit from the significant updates to the Property completed by current ownership, positioning Garden Grove as a premier investment opportunity in the market. Approximately $1.2M has been spent in interior and exterior renovations since 2022, including siding work, decks, fire system upgrades, flooring, paint, and appliances.Situated on Main Street, Ferndale’s central thoroughfare, and less than a mile from In

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Listing Courtesy of: Jones Lang LaSalle – Casey Zejdlik (#17419)

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.