Perfect development lot zoned "Residential Multifamily Medium Density-RMM". The City of Ferndale allows for ten to 30 units per gross acre. This .87 acre corner lot is close to historic and developer-friendly Downtown Ferndale. Services and utilities are accessible. Other uses include church, adult family home, day nursery, municipal, or complete life care retirement community. four bedrooms, 2 bathrooms home is rented. Collect income while you attain permits to build. A solid investment.