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511 M St NE
Auburn, WA 98002
Multifamily Property For Sale
·
16 Units
Investment Highlights
- VALUE-ADD OPPORTUNITY - Ability to Capture significant rental upside through capital improvements.
- RENTAL UPSIDE- Comparable rents allow for 26% increase for current in-place rents
- SELECT UNIT UPGRADES - 6 Units have been fully re-plumbed with PEX and new water shut-off
Property Facts
| No. Units | 16 | Building Size | 13,348 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | RO, Auburn | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 13,348 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RO, Auburn |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 745 |
Property Taxes
| Parcel Number | 264800-0008 | Improvements Assessment | $2,400,400 |
| Land Assessment | $340,600 | Total Assessment | $2,741,000 |
Property Taxes
Parcel Number
264800-0008
Land Assessment
$340,600
Improvements Assessment
$2,400,400
Total Assessment
$2,741,000
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