506 1st St SW | Auburn, WA 98001
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- LoopNet Team
506 1st St SW
Auburn, WA 98001
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Centrally Located & Convenient Transportation – Situated off the I-5 / 567 Interchange, with additional options via nearby light rail to Seattle & Tac
- Future Development Opportunity – Sitting on 18,000 SF of R20 land near Downtown Auburn, Knickerbocker Mansion offers future re-development potential
- Immediate Upside Potential– Investors can realize immediate gain by capitalizing on below market rates and a consolidation of expenses.
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,068 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1906 |
| Building Class | C | Parking Ratio | 1.47/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | R-20, Auburn - R-20 Zoning. Potential for Lot Sub-division into 3 seperate parcels. (Buyer to Verify) | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,068 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R-20, Auburn - R-20 Zoning. Potential for Lot Sub-division into 3 seperate parcels. (Buyer to Verify) |
AMENITIES
UNIT AMENITIES
- Fireplace
- Security System
- High Speed Internet Access
- Wi-Fi
- Yard
- Basement
- Double Pane Windows
- Lawn
- Porch
SITE AMENITIES
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $1,304 | 533 |
| 1+1 | 3 | $1,497 | 685 |
PROPERTY TAXES
| Parcel Number | 391500-0340 | Improvements Assessment | $700,000 |
| Land Assessment | $216,000 | Total Assessment | $916,000 |
PROPERTY TAXES
Parcel Number
391500-0340
Land Assessment
$216,000
Improvements Assessment
$700,000
Total Assessment
$916,000
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