223 17th Street SE, Auburn, WA 98002

$1,175,000
4,840
SqFt

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Listing courtesy of Better Homes and Gardens RE PC. Selling Office: Keller Williams Greater Seattl.

Sold Price
$1,175,000
List Price
$1,200,000
Status
SOLD
MLS#
2150125
Closing Date
Sep 28, 2023
Days on Market
21
Style
55 - 5-9 Units
Building Condition
Average
Finished SqFt
4,840
Area Total SqFt
4840
Annual Tax Ammount
10441
Lot Size (sq ft)
7,983
Sewer
Sewer Connected

Property Description

5 total units including 3 spacious 3 bedroom 1.5 bath 1100 sq ft townhomes and 2 large 750 sq ft units with 1 bedroom 1 bath. 4 long term tenants. $9,300 per month gross income. Owner financing available. 15% down 6.5% amortized over 30 years with a 5 year call.

Additional Information

List Date
2023-09-07 00:00:00
Community
Auburn
Net Operating Income
$78,865
Gross Adjusted Income
$111,600
Gross Scheduled Income
$111,600
Total Monthly Income
$9,300
Insurance Expenses
$6,616
Water/Sewer/Garbage Expenses
$15,678
Gross Rent Multiplier
10.75
Total Expenses
$32,735
Cap Rate
6.57
Total Number of Units
5
Unit Name
223
Potential Terms
Cash Out, Conventional, Owner Financing, See Remarks
Year Built
1966
Roof
Composition
Energy Source
Electric
School District
Auburn
Total Monthly Income
$9,300
Gross Scheduled Income
$111,600
Gross Adjusted Income
$111,600
Tax Year
2022
Insurance Expense
$6,616
W/S/G Expenses
$15,678
Total Expenses
$32,735
Net Operating Income
$78,865
Gross Rent Multiplier
10.75
Cap Rate
6.57
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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