$1,065,000

3802 D Place SE, Auburn, WA 98002

Multi-Family Home
Built in 1981
9,605sqft lot
—— car garage
$——/sqft
Listed 18 days ago

Property Description

This listing courtesy of Steve Fischer, Northmarq Multifamily, LLC

We are pleased to present D Place Apartments, a well-maintained MF asset located in Auburn, WA. Built in 1981 and recently updated, this 4-Plex features 2-BD/1-BTH units, each 960SF with full sized W/D. The property offers a compelling investment opportunity with immediate cash flow and additional upside through rent growth. It is situated on a corner lot with great street visibility for signage and rentability. 3/4 units have undergone interior renovations, including SS appliances, LVP flooring, etc. Each unit also includes a private patio or balcony and a fireplace. A new roof was installed in 2017. This is a rare chance to acquire a stabilized property with additional upside potential - rents are estimated to be 10% below market.

Listing Status:: Pending
Listing Office:: Northmarq Multifamily, LLC : 952-356-0100
Listing Agent:: Steve Fischer : 952-356-0100
MLS ID:: 2454653

Flooring: Vinyl PlankCarpet
A/C: None
Heating: Wall Unit(s)
Fireplace: Fireplaces: 0

General: BrickMetal/Vinyl
Parking: Parking spaces: 4

Roofing: Composition
General: 54 - 4-Plex

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Auburn
County: King

Zoning: 7326800010
View: TerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Steve Fischer, Northmarq Multifamily, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Gildo Rey Elementary School

1005 37th St SE, Auburn, WA, 98002

Grades PK-5

0.45 miles away

Mt. Baker Middle School

620 37th St SE, Auburn, WA, 98002

Grades 6-8

0.17 miles away

Auburn Riverside High School

501 Oravetz Rd SE, Auburn, WA, 98092

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.