1601 4th ST SE new to site Save Request In-Person Tour Request Virtual Tour
Auburn,WA 98002
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,725 sqft
Price per Sqft $300
Subdivision Auburn
MLS Listing ID 2311322
Style 54 - 4-Plex
Bedrooms 8
Year Built 1958
Annual Tax Amount $9,148
Lot Size 0.340 Acres
Property Description
Flat four-plex on a 0.34-acre corner lot with a detached four-car garage, offering a 6.5% CAP rate with $5,500 in monthly income and potential to increase to 7.55% ($6,400 monthly) by adjusting two tenant leases. Additional income comes from an on-site coin-operated laundry. Conveniently located near Hwy 18 and 167 for easy access. Each unit features 2 bedrooms, 1 full bath, and refinished hardwood floors, with hardwoods under the current flooring in the bedrooms and living rooms. The open-concept layout includes a fireplace, creating a welcoming space for tenants. The property offers two designated parking spaces in front of each unit, along with a commercial coin washer/dryer for added revenue. A huge backyard.DO NOT CONTACT TENANTS!
Location
State WA
County King
Area 310 - Auburn
Interior
Flooring Hardwood,Vinyl,Carpet
Exterior
Exterior Feature Brick
Amenities Available Outbuildings
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Auburn
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional