1202 Harvey Rd NE
Auburn WA 98002
Brickwood Apartments
1202 Harvey Rd NE Auburn WA 98002
Listing #: 687017 | Status: Available | Last Modified: 9/19/2024 |
For Sale
- Phone:(206) 812-9130
- Email:brianp@paragonrea.com
- Office Name:Paragon Real Estate Advisors
- Office Phone:(206) 623-8880
- Office Website:
- Agent Phone:(206) 812-9123
- Agent Email:michael@paragonrea.com
- Agent Phone:(206) 812-9101
- Agent Email:ben@paragonrea.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,000,000.0
- $/SF$ 292.0
- $/Unit$ 2,000,000.0
- Listing StatusAvailable
- Days on Market10
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income167,243
- Vacancy Factor %5.00%
- Operating Expenses53,410
- Net Operating Income105,470
- CAP Rate 5.69 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.69 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units8
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF6849
- Net Rentable Area6849
- Total Office SF
- Largest Contiguous SF
- Lot SF10850
- Acres0.25
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaAuburn
- Tax ID #3339901187
- Additional Parcels
- ZoningRO
- Year Built1967
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Brickwood Apartments
We are pleased to announce the exclusive listing of the Brickwood Apartments. The 8-unit property has seven renovated units and one long-term tenant who has been there since the owners purchased the property. There is an attractive unit mix of 7 – 2 bedroom/1 bathroom units and a 3 bedroom/1.5 bathroom unit with its own washer and dryer. The renovated units have LVP flooring, new cabinets, marble backsplashes in the kitchen and bathrooms, quartz countertops and a small patio/deck. The plumbing has been updated with a combination of PEX, ABS and copper. The property is currently owner-operated. The Brickwood Apartments present a value-add opportunity for new ownership to implement a utility billback system and bring rents to market levels. The Brickwood Apartments is conveniently located
