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

$1,225,000
4,000
SqFt

Listing courtesy of Keller Williams Downtown Sea. Selling Office: Skyline Properties, Inc..

Sold Price
$1,225,000
List Price
$1,078,500
Status
SOLD
MLS#
1882953
Closing Date
Mar 04, 2022
Days on Market
5
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
4,000
Area Total SqFt
4000
Lot Size (sq ft)
16,183

Property Description

North Auburn Riverfront 4-Plex ~ Current Rents Cap at 6.1% - Rent Income @ $7000 Month. Owner did Major Deck Replacement & Renovated Unit A - Brand New! Most of the Units have also been updated with New Kitchens, Bathrooms, Appliances, Flooring, Paint & Energy Efficient Wall Heaters. All Units have Washer & Dryer Hookups & attached Garage for Extra Storage or Parking. Located on a Dead End Cul-De-Sac, Close to Walking Trails, Schools & Shopping. Surveillance Camera System Included valued over $15,000. Fully Leased - Two M-to-M Good-Clean Tenants, Hundreds Under Market Rents. Please Do Not Disturb or Approach Tenants.

Additional Information

List Date
2022-02-27 00:00:00
Community
Auburn
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1974
Waterfront
Yes
View
Golf Course, River
Roof
Composition, Torch Down
Site Features
Cable TV, Deck, Fenced-Fully, Fenced-Partially, High Speed Internet, Patio
Heating/Cooling Type
Baseboard, Forced Air
Other Expenses
1000
Energy Source
Electric
School District
Auburn
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,990
Gross Scheduled Income
$89,220
Vacancy Rate
1
Gross Adjusted Income
$81,850
Tax Year
2021
Insurance Expense
$1,250
W/S/G Expenses
$4,500
Total Expenses
$17,427
Net Operating Income
$64,222
Gross Rent Multiplier
12
Cap Rate
6.1
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