904 NE 30th Street, Auburn, WA 98002
- $1,045,000
- 3,806
- SqFt
Listing courtesy of eXp Realty. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,045,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2319667
- Closing Date
- Feb 07, 2025
- Days on Market
- 4
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,806
- Area Total SqFt
- 3806
- Annual Tax Ammount
- 11251
- Lot Size (sq ft)
- 11,624
- Sewer
- Available
Property Description
This meticulously maintained 4-plex offers an exceptional opportunity for investors seeking a turnkey property with good cash flow and future upside potential. Each of the four units has been recently updated and includes a personal garage and in-unit washer/dryer for added convenience.The property is in pristine condition, with a new roof, gutters and new metal fence, all units are fully occupied with reliable tenants who consistently pay on time. Notably, rents are 25-30% below market value, providing significant room for rental increases. With a very low vacancy rate and located in a prime area near major freeways and numerous amenities, this property promises both stability and long-term growth potential. A truly exceptional investment
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Additional Information
- List Date
- 2025-02-03 00:00:00
- Community
- Auburn
- Net Operating Income
- $46,460
- Gross Adjusted Income
- $65,766
- Gross Scheduled Income
- $67,800
- Total Monthly Income
- $5,650
- Insurance Expenses
- $3,323
- Water/Sewer/Garbage Expenses
- $4,152
- Gross Rent Multiplier
- 14
- Total Expenses
- $21,340
- Cap Rate
- 4.5
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 904
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1984
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 2614
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $5,650
- Gross Scheduled Income
- $67,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $65,766
- Tax Year
- 2025
- Insurance Expense
- $3,323
- W/S/G Expenses
- $4,152
- Total Expenses
- $21,340
- Net Operating Income
- $46,460
- Gross Rent Multiplier
- 14
- Cap Rate
- 4.5
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.