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Listing 9 out of 229
$775,000 For Sale

2417 N St NE
Auburn, WA 98002

4 units | Multi Family Home
16126 sq ft - MLS# 1458513 Courtesy of The Foundation Group LLC
Property Photo
1/12

Description

Just Listed - Side-by-side duplexes on one tax parcel. Two units fully renovated with high-end remodel. Other two units lightly updated with new paint and carpet. New owner could push rents closer to market to achieve a 7%+ cap rate. Each unit has large garage, W/D hookups, and private backyard/patio. Walking distance to Brannan Park and John Reddington River Trail.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98002
  • Year Built: 1975
  • School District: Auburn
  • Elementary School: Dick Scobee Elem
  • Middle School: Cascade Mid
  • Sq.Ft.: 3,520 sq ft
  • Units: 4 units
  • Garage: 4+-Car
  • # of Parking Spaces: 4, 10
  • Lot Size: 16126 sq ft
  • Waterfront: River
  • Area: Auburn
  • Approved Number of Bedrooms: 8
  • Area Number: 310
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Building Condition: Fair
  • Cap Rate - NOI div LP: 6.34
  • Energy Source(heat): Electric
  • Exterior: Wood Products
  • Floor Covering: Wall to Wall Carpet
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $62700
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $6600
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1290
  • Lot Details: Cul-de-sac
  • Lot Dimensions: 16124
  • Net Operating Income: $49117
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 6
  • Other Expenses: $1200
  • Power Company: Pse
  • Rent Unit 1: $1400
  • Rent Unit 2: $1300
  • Rent Unit 3: $1400
  • Rent Unit 4: $1400
  • Roof: Composition
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, Patio
  • Square Feet Unit 1: 916
  • Square Feet Unit 2: 916
  • Square Feet Unit 3: 895
  • Square Feet Unit 4: 895
  • Total Expenses: $13583, $13583
  • Total Garage Capacity: 4
  • Total Monthly Income: $5500
  • Vacancy Rate: 5
  • Water Company: City Of Auburn
  • Water Source: Community
  • Water/Sewer/Garbage: 4092
Courtesy of The Foundation Group LLC
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Newberry Realty, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-05-25

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