952 28th Street NE, Auburn, WA 98002

$900,000
3,756
SqFt

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Listing courtesy of The Foundation Group LLC. Selling Office: HomeSmart Real Estate Assoc.

Sold Price
$900,000
List Price
$900,000
Status
SOLD
MLS#
2215937
Closing Date
May 01, 2024
Days on Market
3
Style
54 - 4-Plex
Building Condition
Fair
Finished SqFt
3,756
Area Total SqFt
3756
Annual Tax Ammount
10306
Lot Size (sq ft)
8,800
Sewer
Sewer Connected

Property Description

Newly Renovated Unit! Own an established 4plex near Brannan Park. Each unit offers 2 beds, 1.5 baths, ~940 sqft, private garage + 2 parking spaces. 1 unit boasts a modern renovation, move-in ready within the next few weeks. The other 3 units offer classic charm with update potential. Spacious yard with individual decks. Close to highways, shopping, schools, and parks. Ideal for owner-occupants and investors!

Additional Information

List Date
2024-04-28 00:00:00
Community
Auburn
Net Operating Income
$54,713
Gross Adjusted Income
$72,219
Gross Scheduled Income
$76,020
Total Monthly Income
$6,335
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$4,000
Gross Rent Multiplier
11.84
Total Expenses
$17,506
Cap Rate
6.08
Vacancy Rate
5
Total Number of Units
4
Unit Name
952
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1977
Roof
Composition
Site Features
Cable TV, Dog Run, High Speed Internet, Patio
Other Expenses
1400
Energy Source
Electric
School District
Auburn
Elementary School
Dick Scobee Elem
Middle School
Cascade Mid
High School
Mountainview High
Total Monthly Income
$6,335
Gross Scheduled Income
$76,020
Vacancy Rate
5
Gross Adjusted Income
$72,219
Tax Year
2023
Insurance Expense
$1,800
W/S/G Expenses
$4,000
Total Expenses
$17,506
Net Operating Income
$54,713
Gross Rent Multiplier
11.84
Cap Rate
6.08
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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