907 31st Street NE, Auburn, WA 98002

$550,000
3,806
SqFt

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: Best Choice Realty LLC.

Sold Price
$550,000
List Price
$599,000
Status
SOLD
MLS#
1345143
Closing Date
Sep 28, 2018
Days on Market
7
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,806
Area Total SqFt
3806
Annual Tax Ammount
6950
Lot Size (sq ft)
9,630
Sewer
Sewer Connected

Property Description

Don't miss out on this fantastic investment opportunity, Turnkey 4-plex in vibrant Auburn w/convenient access to shopping, bus, school & commuter train station. All units are 2 bedrooms & 1 bath, fireplace, washer & dryer hookups, w/their own one car garage and fully occupied, renter are on month-to-month. Great property for investor's portfolio or owner occupied-live in one unit & let the other renters cover your housing costs & it qualifies for owner-occupied financing. Do not disturb tenants.

Additional Information

List Date
2018-09-21 00:00:00
Community
Auburn
Net Operating Income
$33,712
Gross Adjusted Income
$46,500
Gross Scheduled Income
$46,500
Total Monthly Income
$3,875
Insurance Expenses
$1,736
Water/Sewer/Garbage Expenses
$2,952
Gross Rent Multiplier
13
Total Expenses
$12,788
Cap Rate
5.6
Total Number of Units
4
Unit Name
907
Potential Terms
Cash Out, Conventional
Year Built
1984
Roof
Composition
Site Features
Cable TV, Fenced-Partially, High Speed Internet
Other Expenses
1150
School District
Auburn
Total Monthly Income
$3,875
Gross Scheduled Income
$46,500
Gross Adjusted Income
$46,500
Tax Year
2017
Insurance Expense
$1,736
W/S/G Expenses
$2,952
Total Expenses
$12,788
Net Operating Income
$33,712
Gross Rent Multiplier
13
Cap Rate
5.6
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