702 L St SE, Auburn, WA 98002
- $815,000
- 3,440
- SqFt
Listing courtesy of eXp Realty. Selling Office: GXPlus-Realty.
- Sold Price
- $815,000
- List Price
- $900,000
- Status
- SOLD
- MLS#
- 2267900
- Closing Date
- Sep 10, 2024
- Days on Market
- 76
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,440
- Area Total SqFt
- 3440
- Annual Tax Ammount
- 8075
- Lot Size (sq ft)
- 21,060
- Sewer
- Sewer Connected
Property Description
Income generating opportunity! With a cap rate of 5.9% you'll enjoy great cash flow generated by these 4 units, consisting of 2 duplexes. Each unit is 3 BD, 1 BA with kitchen, and laundry. Terrific Auburn location with lots of parking and fully fenced. Being sold AS-IS. Don't miss this opportunity to secure a solid, income-generating asset! Seller has a 2.5% FHA assumable loan.
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Additional Information
- List Date
- 2024-06-26 00:00:00
- Community
- South Auburn
- Net Operating Income
- $52,643
- Gross Adjusted Income
- $74,700
- Gross Scheduled Income
- $74,700
- Total Monthly Income
- $6,225
- Insurance Expenses
- $1,642
- Water/Sewer/Garbage Expenses
- $12,340
- Gross Rent Multiplier
- 12.05
- Total Expenses
- $22,057
- Cap Rate
- 5.9
- Total Number of Units
- 4
- Unit Name
- 702
- Potential Terms
- Assumable, Cash Out, Conventional
- Year Built
- 1942
- Roof
- Composition
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Terminal Park Elem
- Middle School
- Olympic Mid
- High School
- Auburn Snr High
- Total Monthly Income
- $6,225
- Gross Scheduled Income
- $74,700
- Gross Adjusted Income
- $74,700
- Tax Year
- 2024
- Insurance Expense
- $1,642
- W/S/G Expenses
- $12,340
- Total Expenses
- $22,057
- Net Operating Income
- $52,643
- Gross Rent Multiplier
- 12.05
- Cap Rate
- 5.9
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.