506 1st St SW
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506 1st St SW
21 Unit Apartment Building $1,443,929 CAD ($68,759 CAD/Unit) 6.33% Cap Rate Auburn, WA 98001
Executive Summary
Priced to sell! The Knickerbocker Mansion 6-plex is an investment opportunity in the heart of Auburn's you won't want to miss! Property is 100% rented. Potential to expand investment w/triple lot. Look into adding or building an ADU. 1st floor units have original millwork & tall ceilings. Upstairs units clean w/updated flooring & paint. Efficiency upgrades-basement & attic insulation. Endless positives to boast about with spacious layout providing comfortable living space for tenants to enjoy. Newer electrical panel. Updates: boilers in 2021, Roof in 2020 & shared coin-operated laundry area w/newer machines for addl income. Plenty of storage space for each unit. Within minutes to restaurants, lightrail & entertainment. Make an offer today!
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Taxes | $16,709 | $4.11 |
Operating Expenses | $338,905 | $83.31 |
Total Expenses | $355,614 | $87.42 |
Financial Summary (Actual - 2024)
Taxes (CAD) | |
---|---|
Annual | $16,709 |
Annual Per SF | $4.11 |
Operating Expenses (CAD) | |
---|---|
Annual | $338,905 |
Annual Per SF | $83.31 |
Total Expenses (CAD) | |
---|---|
Annual | $355,614 |
Annual Per SF | $87.42 |
Property Facts
Price | $1,443,929 CAD | Building Class | C |
Price Per Unit | $68,759 CAD | Lot Size | 0.41 AC |
Sale Type | Investment | Building Size | 4,068 SF |
Cap Rate | 6.33% | Average Occupancy | 100% |
No. Units | 21 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1906 |
Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
Apartment Style | Low Rise |
Price | $1,443,929 CAD |
Price Per Unit | $68,759 CAD |
Sale Type | Investment |
Cap Rate | 6.33% |
No. Units | 21 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.41 AC |
Building Size | 4,068 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1906 |
Parking Ratio | 1.23/1,000 SF |
Unit Amenities
- Fireplace
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 1 | $2,253 CAD | 700 |
Studios | 2 | $1,509 CAD | - |
Studios | 3 | $1,552 CAD | - |
1+1 | 4 | $1,733 CAD | - |
1+1 | 5 | $2,297 CAD | - |
Studios | 6 | $2,086 CAD | - |
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Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
Parcel Number | 391500-0340 | Total Assessment | $1,337,946 CAD (2023) |
Land Assessment | $259,236 CAD (2023) | Annual Taxes | $16,709 CAD ($4.11 CAD/SF) |
Improvements Assessment | $1,078,710 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
391500-0340
Land Assessment
$259,236 CAD (2023)
Improvements Assessment
$1,078,710 CAD (2023)
Total Assessment
$1,337,946 CAD (2023)
Annual Taxes
$16,709 CAD ($4.11 CAD/SF)
Tax Year
2024
zoning
Zoning Code | R-4, Auburn |
R-4, Auburn |
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506 1st St SW
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