1427 3rd Street SE, Auburn, WA 98002

$489,000
1,740
SqFt

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Listing courtesy of eXp Realty. Selling Office: John L. Scott, Inc..

Sold Price
$489,000
List Price
$499,000
Status
SOLD
MLS#
2219740
Closing Date
Jul 24, 2024
Days on Market
2
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,740
Area Total SqFt
1740
Annual Tax Ammount
5131
Internet Provider
Xfinity
Lot Size (sq ft)
7,500
Sewer
Sewer Connected

Property Description

Great Investment opportunity awaits, Duplex in prime Auburn Location with one duplex newly renovated. On the market for the first time since 2003. Each unit has 2 bedrooms and 1 bathroom. Left side (1427) was just fully updated with new hardwood laminate flooring, new interior paint, new lighting, new hardware, newer SS appliances to include new butcherblock countertops! Bathroom updated with new vanity, lighting and mirror & flooring.Exterior of building was just painted recently! Situated on a corner lot on its own private road, each unit has its own private, fenced back yard with patio and storage shed. Plenty of parking with room for at least 4 cars and street parking as well. Close to schools, shopping & commuting.

Additional Information

List Date
2024-07-22 00:00:00
Community
East Auburn
Net Operating Income
$14,409
Gross Adjusted Income
$22,840
Gross Scheduled Income
$27,000
Total Monthly Income
$2,250
Insurance Expenses
$675
Water/Sewer/Garbage Expenses
$2,625
Gross Rent Multiplier
18.48
Total Expenses
$8,431
Cap Rate
2.88
Total Number of Units
2
Unit Name
1427
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1968
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, High Speed Internet
Energy Source
Electric
School District
Auburn
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,250
Gross Scheduled Income
$27,000
Gross Adjusted Income
$22,840
Tax Year
2024
Insurance Expense
$675
W/S/G Expenses
$2,625
Total Expenses
$8,431
Net Operating Income
$14,409
Gross Rent Multiplier
18.48
Cap Rate
2.88
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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