1601 4th Street SE Auburn, WA 98002

Flat four-plex on a 0.34-acre corner lot with a detached four-car garage, offering a 6.5% CAP rate with $5,500 in monthly income and potential to increase to 7.55% ($6,400 monthly) by adjusting two tenant leases. Additional income comes from an on-site coin-operated laundry. Conveniently located nea...r Hwy 18 and 167 for easy access. Each unit features 2 bedrooms, 1 full bath, and refinished hardwood floors, with hardwoods under the current flooring in the bedrooms and living rooms. The open-concept layout includes a fireplace, creating a welcoming space for tenants. The property offers two designated parking spaces in front of each unit, along with a commercial coin washer/dryer for added revenue. A huge backyard.DO NOT CONTACT TENANTS! Continue reading