2421 N Street NE, Auburn, WA 98002
- $900,000
- 3,520
- SqFt
Listing courtesy of RE/MAX Northwest. Selling Office: Keller Williams Realty PS.
- Sold Price
- $900,000
- List Price
- $1,000,000
- Status
- SOLD
- MLS#
- 2323639
- Closing Date
- Apr 08, 2025
- Days on Market
- 18
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,520
- Area Total SqFt
- 3520
- Annual Tax Ammount
- 9214
- Lot Size (sq ft)
- 16,124
- Sewer
- Sewer Connected
Property Description
Side-by-side duplex on one tax parcel with excellent income potential! Each unit features 2 bedrooms and 1 bathroom. Each unit has attached garages and private backyards/patios, making these units highly desirable for tenants. Both units have recently had the roofs replaced. With current rents below market rates, there’s an opportunity to adjust and achieve a higher cap rate. Ideally situated near schools, parks, and trails, this property provides easy access to Green River and Brennan Park, enhancing tenant appeal. Don’t miss this fantastic chance to secure a solid investment property with excellent rental potential.
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Additional Information
- List Date
- 2025-03-21 00:00:00
- Community
- Auburn
- Net Operating Income
- $54,281
- Gross Scheduled Income
- $69,600
- Total Monthly Income
- $5,800
- Insurance Expenses
- $5,320
- Water/Sewer/Garbage Expenses
- $785
- Total Expenses
- $15,319
- Cap Rate
- 4.52
- Total Number of Units
- 4
- Unit Name
- 2421
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1975
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, Patio
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Dick Scobee Elem
- Middle School
- Rainier Mid
- High School
- Mountainview High
- Total Monthly Income
- $5,800
- Gross Scheduled Income
- $69,600
- Tax Year
- 2024
- Insurance Expense
- $5,320
- W/S/G Expenses
- $785
- Total Expenses
- $15,319
- Net Operating Income
- $54,281
- Cap Rate
- 4.52
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.