Bought with eXp Realty
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Key Details
Sold Price $785,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $282
Subdivision Panther Lake
MLS Listing ID 2170515
Sold Date 01/22/24
Style 54 - 4-Plex
HOA Fees $678/mo
Year Built 1979
Annual Tax Amount $7,535
Lot Size 10,890 Sqft
Property Description
Federal Way Four Plex: 4 1BR units, with fireplace, washer/dryer, galley kitchen, deck and parking. The Panther Lake complex is a collection of 4 plex units all run by the Panther Lake HOA and property management. Great rental income, the vacancy rate is very low, management fee is only 5% and the HOA takes care of the grounds, utility and general maintenance. Freshly painted exterior, 50 year roof. Unit A totally renovated from studs out! All units filled with contented tenants. The charm is that each unit looks out over the woods towards the lake. Cool shade! Great location with easy access. Profit and loss statement available! Photos available of the new unit.
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Interior Features Wall to Wall Carpet, Laminate
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Adjacent to Public Land, Paved, Secluded
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Federal Way
Others
Senior Community No
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
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Gini Anderson
Managing Broker | License ID: 27862
Managing Broker License ID: 27862