WA > Auburn > Auburn
Auburn, WA 98002,1601 4th ST SE
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Auburn, WA 98002,1601 4th ST SE
Auburn, WA 98002,1601 4th ST SE
Auburn, WA 98002,1601 4th ST SE
Auburn, WA 98002,1601 4th ST SE
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Jim Selden

Jim Selden

+1(253) 279-1759
Listed by Homes & Equity Real Estate Grp
$ 818,888
Est. payment /mo
Save
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1601 4th ST SE Auburn, WA 98002

8 Beds

4 Baths

2,725 SqFt

UPDATED:

11/19/2024 05:49 AM

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

Interior Features Hardwood, Wall to Wall Carpet

Flooring Hardwood, Vinyl, Carpet

Fireplace false

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

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Jim Selden

Broker | License ID: 34685

+1(253) 279-1759

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