2422 N Street NE, Auburn | $499,000.00

Pride of ownership shows in this well-maintained waterfront 4-plex: a solid, turn-key investment property with a 9% Cap. Rate! Huge 1000 sf units, each with their own garage. New carpets and flooring, upgraded kitchens and bathrooms, exterior and interior paint, newer roof, and vinyl windows throughout. Building sits on 1/3 acre riverfront lot. You will not find a cleaner 4-plex available in the area!

Potential Investor Ownership Scenario:

Purchase Price: $499,000

Down Payment (25%): $124,750

Monthly Principal and Interest Payment (based on 4.125% APR): $1813.80

Monthly Utilities, Taxes, and Insurance: $943.50

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Monthly Rental Income: $4,580.00

-Monthly Expense: $2,757.30

Monthly Cash-Flow: $1,822.70 / Annual Cash-Flow: $21,872.40*

  

Addition information & photos:

http://www.soundrealtygroup.com/property/718819/

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By Charles Burnett, Seattle Area Multi-Family Investment Property Specialist  | Sound Realty Group