Bought with Kelly Right RE of Seattle LLC
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308 Park AVE Auburn, WA 98002
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Key Details
Sold Price $808,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown - Auburn
MLS Listing ID 1897314
Sold Date 04/12/22
Style 54 - 4-Plex
Year Built 1958
Annual Tax Amount $6,089
Lot Size 6,589 Sqft
Property Description
Cash Flow! Solid 4-plex with Cap Rate 6%+ and GRM of 12.8! Premium location, close to park, businesses, and shopping, just off Auburn Way. Great bus access & quick access to Hwy 18 & 167. Close to numerous employment centers. 6 off-street spaces off alley. Quiet street parking as well. Commercial zoning could mean future upscaling with Auburn growth. Buyer verify all to satisfaction. Coin operated laundry provides additional monthly income. Please don't bother tenants. Buy as part of your empire or start your empire by planning to live in one of the units as they become available. All units currently occupied.
Location
State WA
County King
Area 310 - Auburn
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement Planked, Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Deck, Fenced-Partially
View Y/N No
Roof Type Torch Down
Building
Lot Description Alley, Curbs, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Washington Elementary
Middle Schools Cascade Mid
High Schools Auburn Snr High
School District Auburn
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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