About 416 & 420 2nd St Se
Rare investment opportunity awaits to purchase a quality, income producing duplex in the heart of downtown Auburn. Each rambler style unit on this prime corner lot offers two good sized bedrooms, one full bathroom, spacious living space and is equipped with a washer and dryer. Good sized carport offers covered parking as well as a storage closet. Conveniently located near freeways, shopping, restaurants, schools, public transit if needed (or walk downtown) and so much more. Roof was replaced recently as well as carpet in each unit. Great opportunity for investors seeking consistent rental income, potential future house hacking, or multigenerational living. Potential for 6%+ cap rate in future if rent is market value.
Features of 416 & 420 2nd St Se
| MLS® # | 2318437 |
|---|---|
| List Price | $585,000 |
| Sale Price | $539,000 |
| Price Per SqFt | $327 |
| Bathrooms | 0.00 |
| Square Footage | 1,650 |
| Acres | 0.13 |
| Year Built | 1958 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 416 & 420 2nd St Se |
|---|---|
| Area | 310 - Auburn |
| Subdivision | Downtown - Auburn |
| City | Auburn |
| County | King |
| State | WA |
| Zip Code | 98002 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Wall to Wall Carpet |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Brick |
|---|---|
| Lot Description | Alley, Corner Lot, Curbs, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Auburn |
|---|---|
| Elementary | Buyer To Verify |
| Middle | Buyer To Verify |
| High | Buyer To Verify |
Additional Information
| Days on Market | 220 |
|---|---|
| Cumulative Days on Market | 220 |
| Days on Website | 216 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |