506 1St St Auburn, WA 98001

This exceptional six-unit commercial property, located at 506 1st Street SW in Auburn, WA, presents a compelling investment opportunity. The property is currently 100% occupied and professionally managed, ensuring a steady stream of rental income. Each of the six units offers comfortable living space, with the first-floor units boasting original millwork and high ceilings, adding to their character and appeal. Upstairs units have been updated with fresh paint and new flooring. Energy efficiency has been improved through basement and attic insulation upgrades. Further enhancing the property's value are recent updates including new boilers (2021) and a new roof (2020). A shared coin-operated laundry facility with newer machines provides an additional revenue stream. Each unit also benefits from ample storage space. The property sits on a triple lot, presenting significant potential for expansion through the addition of an Accessory Dwelling Unit (ADU) or further development, maximizing the investment return. Its central location in downtown Auburn places it within easy reach of restaurants, the light rail, and various entertainment options. This turnkey investment property offers a rare combination of strong rental income, significant upside potential, and a desirable location. The property's excellent condition and recent upgrades minimize immediate maintenance needs, making it an attractive option for both seasoned and new investors. Don't miss this chance to acquire a thriving, high-yield property in a vibrant and growing community.