11211 SE 316th Place, Auburn, WA 98092

$890,950
2,600
SqFt

Listing courtesy of John L. Scott, Inc.

List Price
$890,950
Status
PENDING INSPECTION
MLS#
2179221
Price Change
▼ $59,000 1701310413
Days on Market
85
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,600
Area Total SqFt
2600
Annual Tax Ammount
8629
Lot Size (sq ft)
19,367
Sewer
Sewer Connected

Property Description

This can be 3 separate living spaces or live in the house & rent 1 or 2 units for income. A huge shop/garage big enough for a motorhome. There's office space in the rear of the shop w/sep. entrance or use for more storage. An apartment above the shop offers 1 bd /1 bth & 600 sq ft, w/a rooftop deck, 2 parking spaces & entrance + additional storage area. The main house features 3 bdrms, 2.75 bths, remodeled kitchen, lrg living room, office/den & a lrg sunroom w/7 sliders overlooking the patio & rear yard. Downstairs offers a Studio unit or use as your rec room. The main home is 2600 Sq.Ft. + apartment - total 3200 sq ft. New Roof too! Shop has 220 power; set up for 3 phase & separate meter. Owner ran a cabinet shop business out of the shop

Additional Information

List Date
2023-09-16 03:51:09
Community
Lea Hill
Net Operating Income
$62,411
Gross Adjusted Income
$78,000
Gross Scheduled Income
$78,000
Total Monthly Income
$6,500
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$1,200
Gross Rent Multiplier
12.18
Total Expenses
$15,589
Cap Rate
6.6
Total Number of Units
3
Unit Name
11211
Potential Terms
Cash Out, Conventional
Year Built
1964
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Outbuildings, Rooftop Deck, RV Parking, Shop
Electric Expenses
1140
Energy Source
Natural Gas
School District
Auburn
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,500
Gross Scheduled Income
$78,000
Gross Adjusted Income
$78,000
Tax Year
2023
Insurance Expense
$1,800
W/S/G Expenses
$1,200
Total Expenses
$15,589
Net Operating Income
$62,411
Gross Rent Multiplier
12.18
Cap Rate
6.6
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