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14th St Apartments

922, 14th St, Auburn, WA 98002
$2,700,000

Description

14th St Apartments (Status: Pending)

922, 14th St, Auburn, WA  98002

The 14th Street Apts is being offered for sale by the original developer for the first time. The property offers an investor the opportunity to acquire a well-built and well-maintained asset that, due to self-management, has substantially below market rents. A new owner will benefit from the opportunity to perform interior renovations to bring new life into the units, to further raise rent levels and increase cashflow. Once renovations are completed and a utility bill-back system is in place, a new investor will be able to raise the Gross Potential Income of the property an estimated 43% above current levels.

Listing Details

Asset Class: Multi-Family
Year Built: 1978
Building Total Square Feet: 13275
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information:

CBA

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 922, 14th St, Auburn, WA 98002
  • City: Auburn
  • State/county: WA
  • Zip/Postal Code: 98002
  • Neighborhood: Auburn
  • Country: United States

Detail

Updated on October 15, 2021 at 9:43 pm

  • Property ID: 643693
  • Price: $2,700,000.00/For Sale
  • Property Size: 13275 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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