506 1st St SW - Apartments FOR SALE


Auburn, WA 98001
$999,999 USD
206-947-0811
506 1st St SW, Auburn, WA for Sale
$999,999 USD
Apartments - FOR SALE
1/32
null | 6.33% Cap Rate

506 1st St SW
Auburn, WA 98001


OVERVIEW

Priced to sell! The Knickerbocker Mansion 6-plex is an investment opportunity in the heart of Auburn's you won't want to miss! Property is 100% rented. Potential to expand investment w/triple lot. Look into adding or building an ADU. 1st floor units have original millwork & tall ceilings. Upstairs units clean w/updated flooring & paint. Efficiency upgrades-basement & attic insulation. Endless positives to boast about with spacious layout providing comfortable living space for tenants to enjoy. Newer electrical panel. Updates: boilers in 2021, Roof in 2020 & shared coin-operated laundry area w/newer machines for addl income. Plenty of storage space for each unit. Within minutes to restaurants, lightrail & entertainment. Make an offer today!

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$246 USD /SF

# OF UNITS

21

PRICE/UNIT

$47,619

CAP RATE

6.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,990 SF

ZONING

R-4, Auburn

APN/PARCEL ID

391500-0340

ASK ABOUT THIS PROPERTY

Rachelle WillhiteBest Choice RealtyMore Info
206-947-0811

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Rachelle WillhiteBest Choice RealtyMore Info
206-947-0811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.