916 31st Street NE, Auburn, WA 98002
- $1,020,000
- 3,948
- SqFt
Listing courtesy of Windermere RE/Lake Tapps, Inc. Selling Office: Multifamily Properties.
- Sold Price
- $1,020,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 2198208
- Closing Date
- Mar 21, 2024
- Days on Market
- 8
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,948
- Area Total SqFt
- 3948
- Annual Tax Ammount
- 10369.84
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 10,433
- Sewer
- Sewer Connected
Property Description
This Four-plex is a great opportunity, perfect for the seasoned investor or those just starting their portfolio of income properties. Easy low maintenance landscape, newer roof & exterior paint means lower maintenance cost. Fully leased, but option for owner-occupancy in one of the units as the current tenants are all month to month. These larger than average sized two bedrooms with one bathroom units are well laid out for maximum rental appeal. Each unit has its own washer & dryer. Secure individual garages with additional space to park directly in front of garage door. This property is perfectly located for easy commuting on SR167, SR18 or I-5, & nearby bus line.
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Additional Information
- List Date
- 2024-03-13 00:00:00
- Community
- North East Auburn
- Net Operating Income
- $55,761
- Gross Adjusted Income
- $76,050
- Gross Scheduled Income
- $76,050
- Total Monthly Income
- $6,400
- Insurance Expenses
- $2,022
- Water/Sewer/Garbage Expenses
- $5,868
- Gross Rent Multiplier
- 14.46
- Total Expenses
- $20,289
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 916
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1984
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 2029
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Evergreen Heights El
- Middle School
- Cascade Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $6,400
- Gross Scheduled Income
- $76,050
- Gross Adjusted Income
- $76,050
- Tax Year
- 2023
- Insurance Expense
- $2,022
- W/S/G Expenses
- $5,868
- Total Expenses
- $20,289
- Net Operating Income
- $55,761
- Gross Rent Multiplier
- 14.46
- Cap Rate
- 5
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.