Listed by Paragon Real Estate Advisors, Bought with Terrafin
NOT LISTED FOR SALE
-- Bed
-- Bath
8,724 Sq Ft
0.71 Acres

Last Sold April 21, 2023

Last sale price $2,000,000 $229 Per Sq Ft

13 Days on Market

Highlights

  • 0.71 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of April 2023

This twelve unit apartment complex is comprised of three buildings featuring nine – two bedroom one bath units that are 750 square feet and three – one bedroom one bath units that are 650 square feet. The property is situated just one mile from the Auburn Sounder Station and only a mile and a half away from the Muckleshoot Casino Resort, Auburn’s largest employer. Auburn has seen significant growth within the retail sector and the redevelopment of the downtown core. Other large nearby employers include Boeing, The Outlet Collection Seattle, and the Auburn School District.

Last Agent to Sell the Property

Brian Platt

Paragon Real Estate Advisors License #85375 Listed on: 11/29/2022

Co-Listed By

Michael Urquhart

Paragon Real Estate Advisors License #135356

Last Buyer's Agent

Dennis Folk

Terrafin License #25739

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2019274

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,881

Year Built

  • Built in 1966

Lot Details

  • 0.71 Acre Lot

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 8,724 Sq Ft Home
  • 1-Story Property

Parking

  • 12 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1921059173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,881

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1966
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8724
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 24000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 1921059173
  • Lot Size Acres: 0.7063
  • Lot Size Sq Ft: 30767
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.8
  • LeasedItems: None
  • TotalMonthlyIncome: 16200

Multi Family

  • Gross Scheduled Income: 194400
  • Net Operating Income: 119890
  • Insurance Expense: 4109
  • Leasable Area: 8724
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 22881

Range of Values:

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $2,000,000 -4.8% $229 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $2,100,000 -- $241 / 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: 2019274

Northwest Multiple Listing Service (NWMLS)