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Key Details
Sold Price $909,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,056 sqft
Price per Sqft $297
Subdivision Panther Lake
MLS Listing ID 2131380
Sold Date 07/01/24
Style 54 - 4-Plex
HOA Fees $389/ann
Year Built 1977
Annual Tax Amount $8,330
Lot Size 10,276 Sqft
Property Description
Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don’t want to miss! HOA rules do not allow for self management.
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Pool Community
Amenities Available Athletic Court, Deck, Patio
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk
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 Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Gini Anderson
Managing Broker | License ID: 27862
Managing Broker License ID: 27862