2422 N Street NE Unit #1-4, Auburn, WA 98002

$872,700

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Keller Williams Downtown Sea.

Sold Price
$872,700
List Price
$879,500
Status
SOLD
MLS#
1472416
Closing Date
Oct 29, 2019
Days on Market
93
Style
54 - 4-Plex
Area Total SqFt
4000
Lot Size (sq ft)
13,900

Property Description

Turn Key Riverfront 4-Plex with a 6.53% Cap~$6,180 A Month Rents. The Work's Done! Most of the Units Have been Recently Remodeled with New Kitchen's, Bathrooms, Appliances, Sub Floor, Flooring, Paint & Energy Efficient Wall Heaters. All Units have Washer & Dryer Hookups & Huge attached Garage for Extra Storage. Located on a Dead End Cul-De-Sac, Close to Walking Trails, Schools & Shopping. Please Don’t Disturb Tenants. Drive By Only-Interior Viewing Upon Mutual Acceptance. Camera System Included.

Additional Information

List Date
2019-06-12 00:00:00
Community
Auburn
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1974
Waterfront
Yes
Roof
Composition, Torch Down
Site Features
Cable TV, Deck, Fenced-Fully, Fenced-Partially, High Speed Internet, Patio
School District
Auburn
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,180
Gross Scheduled Income
$74,160
Vacancy Rate
3
Gross Adjusted Income
$57,360
Tax Year
2019
Insurance Expense
$1,480
W/S/G Expenses
$5,100
Total Expenses
$14,575
Net Operating Income
$57,360
Gross Rent Multiplier
12
Cap Rate
6
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