319 R St SE, Auburn, WA 98002

$965,000
5,880
SqFt

Listing courtesy of John L. Scott, Inc. Selling Office: Windermere RE Mercer Island.

Sold Price
$965,000
List Price
$950,000
Status
SOLD
MLS#
1621831
Closing Date
Jul 24, 2020
Days on Market
8
Style
54 - 4-Plex
Finished SqFt
5,880
Lot Size (sq ft)
14,960

Property Description

Excellent investment opportunity with easy-to-rent units near SE Auburn. Two duplexes on one lot; 4 units total. Each unit is a split-entry 3 bedroom, 2 bath townhome with patio & attached garage. Upper level living & dining rooms plus lower level family rooms with access to the garage & patio. Newer roof & exterior paint on both buildings. New carpet & fresh paint in 2 units. Washer/dryer hook ups in each unit. Tenants pay for all utilities.

Additional Information

List Date
2020-06-29 00:00:00
Community
Auburn
Property Type
MULT
Units
4
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
1999
Total Parking
8
Uncovered Parking
4
View
Territorial
Exterior
Wood Products
Roof
Composition
Site Features
Cable TV, Patio
Lot Details
Paved Street
School District
Auburn
Total Monthly Income
$6,380
Gross Scheduled Income
$76,560
Vacancy Rate
5
Gross Adjusted Income
$73,000
Annual Taxes
$9,551
Tax Year
2019
Insurance Expense
$2,172
Total Expenses
$11,723
Net Operating Income
$72,267
Gross Rent Multiplier
1
Cap Rate
9

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
2.00
Unit 1 Size
1470
Unit 1 Rent
$1,595
Unit 2 Beds
3
Unit 2 Baths
2.00
Unit 2 Size
1470
Unit 2 Rent
$1,595
Unit 3 Beds
3
Unit 3 Baths
2.00
Unit 3 Size
1470
Unit 3 Rent
$1,595
Unit 4 Beds
3
Unit 4 Baths
2.00
Unit 4 Size
1470
Unit 4 Rent
$1,595
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