922 14th St Auburn, WA 98002 – 14th St Apartments

922, 14th St, Auburn, WA  98002

For Sale

Type
For Sale / Multi Family

14th St Apartments (Status: Pending) 2700000

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 Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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