Auburn 10 (Status: New)
1615, 4th St, Auburn, WA 98002
The Auburn 10 is a ten unit apartment community located between downtown Auburn and the Green River. It is composed of five adjacent duplexes over three tax parcels and offers a new investor the opportunity to significantly raise rents immediately to capture substantial rental upside. This is a great opportunity for a local or entry level investor to purchase an asset that can be immediately re positioned to capture a significant increase in both equity and cash flow. Management recently rented the smallest unit in the complex for $1195 plus a $45 utility fee for water, sewer, and garbage. A new investor should be able to raise the rents of the other 9 units to that same level with little effort and operate at a 7% CAP rate.
Asset Class: Multi-Family
Year Built: 1961
Building Total Square Feet: 7960
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information:
Listing Courtesy of: Pacific Crest Real Estate LLC
Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.
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