SIDE BY SIDE AUBURN DUPLEXES
2 adjacent duplex buildings in a quiet Auburn neighborhood. The property is located on a dead-end street, and the building has been maintained over the years with numerous improvements. The duplex features units with 2 bed/1 baths and their own W/D/DW, electric furnace & hot water tank. Easy investment to add to any portfolio.
4 Unit l 2 Bed l 1 Bath
3,480 SF l 16,000 SF Lot
Recent Updates Made
Summit Capital intends to cosmetically update the interior of the existing home from top to bottom by replacing the kitchen and bath, installing new flooring, new paint, lighting, and all fixtures. Any unused square footage will also be completed to increase the overall, livable square footage of the home.
Very few opportunities in this neighborhood come about allowing for full cosmetic updating to be done. By buying this property off-market, the ownership group will get to capitalize on the below-market purchase price.
The company expects to purchase and improve the property within 12 months. At which point, the company will either refinance and retain the property for the future or sell at market rate. Final strategy will depend on Partner goals for asset and portfolio growth.
Located Northeast of Tacoma and South of Seattle, this city of Auburn has rich history. Nestled in a fertile river valley, Auburn has been a farm community and business center for more than 150 years. Businesses in Auburn’s downtown offer an eclectic variety of retail, services, dining establishments and entertainment venues, all of which make living in the area even more attractive. It’s a quaint historic district that has recently undergone an entire transformation while it retains much of its historic past and embraces the future with urban renewal projects. If you are interested in History the White River Valley Museum is a must.
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