716 37th St SE

Huge upside on this four-plex in Auburn with current rents approximately 39% below market rents. The current tenants are on a month-to-month basis, so each unit is ready for an increase of rents. Sizable units at nearly 1,000 square feet, offer 2 bedrooms & 1 bath with spacious kitchens, large family rooms with fireplaces and decks/balconies. Each unit also has their own washer and dryer. The large lot allows for a yards, ample parking, and backs to school. With increased rents and a bill back to tenants for water, sewer, garbage, make this a fantastic value add opportunity to own a high cash flowing asset. Buy, stabilize, hold, and sell in 5 years for profit or keep as a legacy portfolio property.