1601 4th Street SE
Auburn, WA 98002
2725 sqft | 0.34 acres | #2311322
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!
Interior Details
- InteriorHardwood, Wall to Wall Carpet
Property Details
- Exterior FeaturesOutbuildings
- ViewTerritorial
- Lot DescriptionPaved
- Exterior MaterialsBrick
- Stories1
Measurements
- Acres0.34
- Square Feet2725
Construction Details
- Property TypeMulti-Family
- Style54 - 4-Plex
Condition
- Year Built1958
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionAuburn
Location
- School DistrictAuburn
- CountyKing
Financial Details
- Original List Price$818,888
- Taxes Annual$9,148
- Days on Market (Cumulative)5
Other
- MLS #2311322
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-18 21:49:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Mo Abdi (#NWM56118)
Listing Office: Homes & Equity Real Estate Grp (#NWM5049)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
