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Listing 1 out of 8
$975,000 For Sale

319 R St SE
Auburn, WA 98002

4 units | Multi Family Home
14959 sq ft lot - MLS# 1453747 Courtesy of Windermere Real Estate/PSR Inc
Property Photo
1/16

Description

2 duplexes on one lot, 4 units total. Each unit is a large 3 bedroom, 2 bathroom split entry townhouse with attached garage. Washer/dryer hook ups in units. Tenants pay for all utilities. Great location on the outskirts of SE Auburn. New roof and fresh exterior paint within last 3 years. Solid investment opportunity, easy to rent units and possible upside on rents. Two units are turning over, will have new carpet, fresh paint & new tenants. Rents are pro-forma may end up higher.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98002
  • Year Built: 1999
  • Subdivision/Neighborhood: 2 Duplex On 1 Lot
  • School District: Auburn
  • Sq.Ft.: 5,880 sq ft
  • Units: 4 units
  • Garage: 4+-Car
  • # of Parking Spaces: 4, 8
  • Lot Size: 14959 sq ft lot
  • Area: Auburn
  • Area Number: 310
  • Bathrooms Unit 1: 2.00
  • Bathrooms Unit 2: 2.00
  • Bathrooms Unit 3: 2.00
  • Bathrooms Unit 4: 2.00
  • Bedrooms Unit 1: 3
  • Bedrooms Unit 2: 3
  • Bedrooms Unit 3: 3
  • Bedrooms Unit 4: 3
  • Building Condition: Good
  • Cap Rate - NOI div LP: 5.90
  • Energy Source(heat): Electric
  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • General Zoning Class: Residential
  • Gross Adjusted Income: $69255
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $72900
  • Heating/Cooling: Forced Air, Wall
  • Insurance Expenses: $2020
  • Net Operating Income: $57683
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Power Company: Pse
  • Rent Unit 1: $1450
  • Rent Unit 2: $1425
  • Rent Unit 3: $1600
  • Rent Unit 4: $1600
  • Roof: Composition
  • Sewer Company: City Of Auburn
  • Square Feet Unit 1: 1470
  • Square Feet Unit 2: 1470
  • Square Feet Unit 3: 1470
  • Square Feet Unit 4: 1470
  • Total Expenses: $11572, $11572
  • Total Garage Capacity: 4
  • Total Monthly Income: $6075
  • Vacancy Rate: 5
  • Water Company: City Of Auburn
  • Water Source: Public
Courtesy of Windermere Real Estate/PSR Inc
©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 Windermere Real Estate Lake Tapps Inc. and Windermere Real Estate PSK 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 2019-08-22

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Windermere Real Estate Lake Tapps Inc.

Bonney Lake Branch
Office: 253-883-0400
LakeTapps@Windermere.com

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Thank you so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! You really listened to what we wanted in our home and you found exactly what we were looking for - at an amazing price! If we ever outgrow this home, we'll definitely be calling you!
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