12
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Listed by:Northmarq Multifamily, LLC • Steve Fischer
$1,045,000
Est. payment /mo
8 Beds
4 Baths
9,603 Sqft Lot
Active
3842 D PL SE Auburn, WA 98002
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Auburn
MLS Listing ID 2503231
Style 54 - 4-Plex
Bedrooms 8
Year Built 1981
Annual Tax Amount $10,620
Lot Size 9,603 Sqft
Property Sub-Type Multi Family
Property Description
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, L VP 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.
Location
State WA
County King
Area 310 - Auburn
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Metal/Vinyl
Amenities Available Deck, Fenced-Partially, Patio, Shop
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Cul-De-Sac, Dead End Street, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Auburn
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Amenities & Attractions
Educational Environment
Elementary Schools (2)Middle Schools (2)
Name
Category
Grades
Library
Ratio
8/10
Gildo Rey Elementary School
1005 37th St SE, Auburn, WA 98002
Public
PK - 5
No
STUDENTS/TEACHERS
7/10
Pioneer Elementary School
2301 M St SE, Auburn, WA 98002
Public
PK - 5
No
STUDENTS/TEACHERS