2205 O Place NE, Auburn, WA 98002

$973,822

Listing courtesy of Keller Williams Rlty Bellevue.

List Price
$973,822
Status
ACTIVE
MLS#
1838487
Days on Market
9
Style
54 - 4-Plex
Area Total SqFt
3528
Lot Size (sq ft)
10,713

Property Description

THIS IS A “HARD TO BEAT OPPORTUNITY” TO INVEST IN A SOLID BUSINESS with very Strong Financials and “GOOD CASH FLOW”. Gross Rent Multiplier of 12 & a 6% CAP RATE!! Property is 100% occupied. all units are 2 Bedrooms, 4-plex has 2 Townhouse style units, 1 upstairs unit &1 flat unit. 4 private Garages. Units feature UPGRADED APPLIANCES CROWN MOLDING, GRANITE, MARBLE, LAMINATE, KOHLER SINKS & DESIGNER FAUCETS etc. NEW “Certain Teed’s” Landmark ROOF ! NEW 7-inch GUTTERS! Pride of ownership throughout this property with Gorgeous Landscaping. Don’t miss this rare opportunity!

Additional Information

List Date
2021-09-12 00:00:00
Community
Auburn
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1976
Roof
Composition
Site Features
Deck, Fenced-Partially, Patio
Heating/Cooling Type
Forced Air
Electric Expenses
6146
Other Expenses
4748
Energy Source
Electric
School District
Auburn
Total Monthly Income
$6,700
Gross Scheduled Income
$79,998
Vacancy Rate
1
Gross Adjusted Income
$79,998
Tax Year
2021
Insurance Expense
$1,633
Total Expenses
$21,568
Net Operating Income
$58,429
Gross Rent Multiplier
12
Cap Rate
6
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Calculator source: Real Geeks