1203 22ND Street NE, Auburn, WA 98002
- $675,000
- 2,812
- SqFt
Listing courtesy of Homes & Equity Real Estate Grp. Selling Office: AgencyOne.
- Sold Price
- $675,000
- List Price
- $675,000
- Status
- SOLD
- MLS#
- 2321808
- Closing Date
- Jan 10, 2025
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 2,812
- Area Total SqFt
- 2812
- Annual Tax Ammount
- 6981
- Lot Size (sq ft)
- 6,512
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity with a strong 7.5% CAP rate and $5,000 in monthly rental income, potential for immediate growth. Live in one unit & rent the other or acquire a solid investment property. This corner-lot, townhome-style duplex is ideally located with easy access to I-167 and nearby amenities. Each unit features 3 bedrooms (2 upstairs, 1 downstairs), with 1 full bath upstairs, a ½ bath downstairs, and a laundry room. Unit A boasts a master bedroom with an owner’s suite on the main floor, a newly designed open kitchen layout, and an upgraded electric panel. Each unit includes a flat, fully fenced yard with a front covered porch.
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Additional Information
- List Date
- 2025-01-10 00:00:00
- Community
- Auburn
- Net Operating Income
- $50,319
- Gross Adjusted Income
- $59,280
- Gross Scheduled Income
- $59,280
- Total Monthly Income
- $4,940
- Insurance Expenses
- $1,980
- Gross Rent Multiplier
- 12
- Total Expenses
- $8,961
- Cap Rate
- 7.5
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 1203
- Year Built
- 1969
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $4,940
- Gross Scheduled Income
- $59,280
- Vacancy Rate
- 2
- Gross Adjusted Income
- $59,280
- Tax Year
- 2024
- Insurance Expense
- $1,980
- Total Expenses
- $8,961
- Net Operating Income
- $50,319
- Gross Rent Multiplier
- 12
- Cap Rate
- 7.5
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.