NOT LISTED FOR SALE
-- Bed
-- Bath
3,994 Sq Ft
0.36 Acres

Last Sold October 30, 2019

Last sale price $1,031,200 $258 Per Sq Ft

41 Days on Market

Highlights

  • RV Access or Parking
  • 4-minute walk to Auburn Station
  • Territorial View
  • 0.36 Acre Lot
  • Deck
  • Thermal Windows

About This Home

As of October 2019

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

Last Agent to Sell the Property

Charles Burnett

Keller Williams Seattle Metro License #50261 Listed on: 06/11/2019

Keller Williams Seattle Metro

Last Buyer's Agent

Andy Keating

Windermere Real Estate Central License #81040

Windermere Real Estate Central

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1471372

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,226

Year Built

  • Built in 1911

Lot Details

  • 0.36 Acre Lot
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,994 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Schools

  • Washelem Elementary School
  • Cascade Mid Middle School
  • Auburn Snr High School

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Milner Add Condos
  • Auburn Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 & 9,10,11,12 / 2 & 5
  • Assessor Parcel Number 5547300230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,226

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1911
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Milner ADD
  • New Construction: No
  • CalculatedSquareFootage: 3994
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 316

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Auburn
  • High School: Auburn Snr High
  • Middle Or Junior School: Cascade Mid

Lot Info

  • Parcel Number: 5547300230
  • Lot Size Acres: 0.3644
  • Lot Size Sq Ft: 15875
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,RV Parking
  • MLSLotSizeSource: King County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 14 & 9,10,11,12

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 8495

Multi Family

  • Gross Scheduled Income: 101940
  • Net Operating Income: 87339
  • Number Of Units Total: 7
  • Insurance Expense: 1650
  • Leasable Area: 3994
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 9226

MLS Schools

  • Elementary School: WashElem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $1,031,200 -1.8% $258 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/12/2019 07/12/19 Price Changed $1,050,000 -4.5% $263 / Sq Ft
06/11/2019 06/11/19 For Sale $1,100,000 -- $275 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1471372

Northwest Multiple Listing Service (NWMLS)