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360-970-0644
NW Sound Realty powered by REMAX
1108 B Street SE, Auburn, WA 98002
- $595,000
- 2,220
- SqFt
Listing Broker: eXp Realty; Julie K Clark; 206-910-2985; julie.clark@exprealty.com
- List Price
- $595,000
- Status
- FIRST LOOK
- MLS#
- 2593917
- Style
- 52 - Duplex
- Finished SqFt
- 2,220
- Area Total SqFt
- 2220
- Annual Tax Ammount
- 7302
- Lot Size (sq ft)
- 8,797
- Sewer
- Sewer Connected
Property Description
Rare Auburn duplex offering two 3 bedroom, 1 bath units with all living space on one floor. Each unit is approximately 1,110 and has its own separate laundry room with in-unit washer/dryer. This is an exceptional opportunity to live in one unit while collecting income from the second unit. Unit A is currently occupied on a MTM lease at $1,950 per month plus $125 per month for w/s/g, for a total of $2,075. Unit B is vacant and available for immediate move-in or leasing. Recent upgrades to Unit B include full interior painting, brand new bathroom cabinet & counter, and new flooring in all 3 bedrooms as well as the dining room, kitchen & bathroom. There is a brand-new double pane window in the dining room & in 1 bedroom. The 8,797 sqft lot offers a large & level open space in back with room for 6 cars, or RV space or potentially parking for work vehicles for an owner-occupant business owner. Convenient location near schools, transit, freeways and everyday amenities. The roof is approximately 5 years old. Single level living with 3 bedrooms units is a rare commodity in Auburn that makes this opportunity a smart investment for savvy investors and owner-occupants.
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Additional Information
- Community
- Auburn
- Net Operating Income
- $39,600
- Gross Adjusted Income
- $52,800
- Gross Scheduled Income
- $52,800
- Total Monthly Income
- $4,400
- Insurance Expenses
- $2,298
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 11.27
- Total Expenses
- $13,200
- Cap Rate
- 6.65
- Total Number of Units
- 2
- Unit Name
- 1108
- Potential Terms
- Cash, Conventional
- Year Built
- 1977
- Roof
- Composition
- Site Features
- RV Parking
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,400
- Gross Scheduled Income
- $52,800
- Gross Adjusted Income
- $52,800
- Tax Year
- 2026
- Insurance Expense
- $2,298
- W/S/G Expenses
- $3,600
- Total Expenses
- $13,200
- Net Operating Income
- $39,600
- Gross Rent Multiplier
- 11.27
- Cap Rate
- 6.65
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.