118 -202 D St SW, Auburn, WA 98001

$1,050,000
3,994
SqFt

Listing courtesy of Keller Williams Seattle Metro.

List Price
$1,050,000
Status
PENDING
MLS#
1471372
Price Change
▼ $50,000 1562979829
Days on Market
41
Style
55 - 5-9 Units
Building Condition
['Average']
Finished SqFt
3,994
Lot Size (sq ft)
15,875

Property Description

7-Unit assemblage consisting of (2)triplexes on one parcel & (1)single family home on adjacent parcel. New owner can expect 17% ROI in 1st year of ownership; 8% Cap Rate based on actual financials. Triplexes have (6)1bed/1bath units; House is 3bed/1bath 1100SqFt w/ detached 2car garage. Shared coin-op laundry generates extra income; tenants pay all utilities. Total lot area=15,876 making this a great candidate for future development. High demand rental; close to downtown Auburn & Sounder station

Additional Information

List Date
2019-06-11 00:00:00
Community
Auburn
Property Type
MULT
Units
7
Stories
2
Potential Terms
Cash Out, See Remarks
Year Built
1911
Total Parking
8
Uncovered Parking
6
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, RV Parking
Lot Details
Alley, Curbs, Paved Street, Sidewalk
School District
Auburn
Elementary School
Wash Elem
Middle School
Cascade Mid
High School
Auburn Snr High
Total Monthly Income
$8,495
Gross Scheduled Income
$101,940
Gross Adjusted Income
$101,940
Annual Taxes
$9,226
Tax Year
2018
Insurance Expense
$1,650
Total Expenses
$11,596
Net Operating Income
$87,339
Gross Rent Multiplier
10
Cap Rate
8

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Size
475
Unit 1 Rent
$1,045
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
475
Unit 2 Rent
$1,045
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Size
475
Unit 3 Rent
$1,095
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Size
475
Unit 4 Rent
$1,045
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Size
475
Unit 5 Rent
$1,095
Unit 6 Beds
1
Unit 6 Baths
1.00
Unit 6 Size
475
Unit 6 Rent
$1,045
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