122 W Main St, Auburn, WA 98001

$1,670,000
13,312
SqFt

Listing courtesy of Summerfield Commercial. Selling Office: .

Sold Price
$1,670,000
List Price
$1,750,000
Status
SOLD
MLS#
347288
Closing Date
Jun 21, 2013
Days on Market
424
Style
56 - 10+ Units
Finished SqFt
13,312
Lot Size (sq ft)
7,200
Bank Owned
Yes

Property Description

20% Cash-on-cash return. See attached financials for more detailed info. Bank owned, mixed-use property consisting of 18 completely remodeled apartment units above 5362 square feet of ground floor retail. Seller will provide financing subject to credit approval and guarantee any vacant commercial space rent for 2-3 years. Call listing agent for more details.

425-223-6021

Additional Information

List Date
2012-04-23 00:00:00
Community
Downtown - Auburn
Property Type
MULT
Units
20
Stories
3
Unit 1 Baths
1.00
Unit 1 Size
330
Unit 1 Rent
$594
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Size
473
Unit 2 Rent
$689
Unit 3 Size
5362
Net Operating Income
$137,670
Gross Adjusted Income
$234,401
Gross Scheduled Income
$255,258
Total Monthly Income
$21,272
Insurance Expense
$7,200
W/S/G Expenses
$13,292
Total Expenses
$96,731
Gross Rent Multiplier
8
Vacancy Rate
8
Cap Rate
7.87
Year Built
1923
Exterior
Brick
Roof
Flat
Annual Taxes
$40,069
Tax Year
2012
School District
Auburn
Potential Terms
Cash Out, Conventional

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