2074 Cottage Place, Ferndale, WA 98248 (MLS # 2319992)
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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!
| LAST UPDATED | 2/4/2025 | TRACT | Ferndale |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | Ferndale |
| COUNTY | Whatcom | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Feb 4, '25 | $590,000 |
|---|---|
| Feb 4, '25 - Today | $575,000 |
| ADDITIONAL DETAILS | |
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Gas Water Heater, Refrigerator, Water Heater |
| AREA | 870 - Ferndale/Custer |
| BASEMENT | None |
| CONSTRUCTION | Wood Siding |
| HEAT | Natural Gas |
| INTERIOR | Dining Room, Double Pane/Storm Window, Fir/Softwood, Water Heater |
| LOT | 7841 sq ft |
| LOT DESCRIPTION | Dead End Street, Paved |
| LOT DIMENSIONS | 120x69 |
| MLS STATUS | Active |
| PARKING | None |
| PRIMARY ON MAIN | Yes |
| STORIES | 1 |
| STYLE | 10 - 1 Story |
| SUBDIVISION | Ferndale |
| TAXES | 2822 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| WATER | Public |
| ZONING | RM1.5 |
| SATELLITE VIEW |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/16/25 7:24 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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