Bought with Real Estate 2000 Inc.
$850,000
$900,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
716 37th ST SE Auburn, WA 98002
3,952 SqFt
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,952 sqft
Price per Sqft $215
Subdivision Auburn
MLS Listing ID 1961768
Sold Date 10/31/22
Style 54 - 4-Plex
Year Built 1985
Annual Tax Amount $8,799
Lot Size 9,328 Sqft
Property Sub-Type Multi-Family
Property Description
Huge upside on this four-plex in Auburn with current rents approximately 39% below market rents. The current tenants are on a month-to-month basis, so each unit is ready for an increase of rents. Sizable units at nearly 1,000 square feet, offer 2 bedrooms & 1 bath with spacious kitchens, large family rooms with fireplaces and decks/balconies. Each unit also has their own washer and dryer. The large lot allows for yards, ample parking, and backs to school. With increased rents and a bill back to tenants for water, sewer, garbage, make this a fantastic value add opportunity to own a high cash flowing asset. Buy, stabilize, hold, and sell in 5 years for profit or keep as a legacy portfolio property.
Location
State WA
County King
Area 310 - Auburn
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Deck, Patio
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Auburn
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, VA Loan
Listing Terms Cash Out, Conventional, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.