LISTING DETAILS

Brickwood Apartments

1202 Harvey Rd NE Auburn WA 98002

Listing #: 687017 | Status: Available | Last Modified: 9/19/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	167,243
Vacancy Factor %	5.00%
Operating Expenses	53,410
Net Operating Income	105,470
CAP Rate	5.69 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.692

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	8
Total Building SF	6,849 SF
Net Rentable Area	6,849 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	10,850 SF
Acres	0.25
Year Built	1967

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Auburn
Tax ID #	3339901187
Zoning	RO

Brickwood Apartments

Public Comments

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

Brickwood Apartments
1202 Harvey Rd NE Auburn WA 98002

Listing #: 687017 | Status: Available | Listing Date: 9/18/2024 | Last Modified: 9/19/2024 | Email Listing

For Sale

Brickwood Apartments

Listing Images