2217 M Street NE Unit #A&B, Auburn, WA 98002
- $680,000
- 2,040
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue.
- List Price
- $680,000
- Status
- ACTIVE
- MLS#
- 2295812
- Days on Market
- 12
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,040
- Area Total SqFt
- 2040
- Annual Tax Ammount
- 6820
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Great investment opportunity in a prime Auburn location! This fully remodeled (down to the studs in 2016) duplex offers two spacious units, each with 2 bedrooms, 1 bath, and 1,020 sq. ft. of living space. Features include large living areas, washer/dryer hookups, individual garages, and fenced yards for privacy. One unit already has a long-term tenant, and there's potential to raise the rent to market rate, achieving a cap rate of 6%. Located in the heart of Auburn, close to schools and all amenities this vibrant city offers. Perfect for investors seeking consistent rental income or anyone desiring multi-generational living. Don’t miss out on this rare chance to own a quality, income-producing property!
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Additional Information
- List Date
- 2024-09-27 21:52:20
- Community
- Auburn
- Net Operating Income
- $31,343
- Gross Adjusted Income
- $43,773
- Gross Scheduled Income
- $43,773
- Total Monthly Income
- $3,697
- Insurance Expenses
- $1,172
- Water/Sewer/Garbage Expenses
- $3,255
- Gross Rent Multiplier
- 15
- Total Expenses
- $12,429
- Cap Rate
- 4.6
- Total Number of Units
- 2
- Unit Name
- 2217
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 1182
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Washington Elementary
- Middle School
- Cascade Mid
- High School
- Mountainview High
- Total Monthly Income
- $3,697
- Gross Scheduled Income
- $43,773
- Gross Adjusted Income
- $43,773
- Tax Year
- 2023
- Insurance Expense
- $1,172
- W/S/G Expenses
- $3,255
- Total Expenses
- $12,429
- Net Operating Income
- $31,343
- Gross Rent Multiplier
- 15
- Cap Rate
- 4.6
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.