Pending

$499,950

6 Beds 2 Baths 2,350 SQFT 0.17 Acres
Type: Pending

29440 18th Avenue S
Federal Way, WA 98003

MLS#: 2582168
Presented by: Berkshire Hathaway HS NW and NWMLS

Property Description

 

INVESTOR ALERT! Bring your hard hat and unlock the potential! Opportunity knocks in Federal Way with this income-producing duplex situated on a spacious, fully fenced lot with excellent access to freeways, shopping, and public transportation. Both units have a strong rental history and are always rented, making this an attractive opportunity for investors looking to add a cash-flowing property to their portfolio. The upper unit offers approximately 1,450 sq ft with 4 bedrooms and 1 bathroom, plus a dishwasher and cozy fireplace. It also features a 1-car garage and access to the property's RV parking. The lower unit provides approximately 950 sq ft with 2 bedrooms and 1 bathroom, along with a dishwasher and fireplace. A separate laundry room adds convenience for the property. With 5 bedrooms and 2 bathrooms combined, a generous lot, garage, RV parking, and convenient location, this duplex offers plenty of potential for an investor willing to bring vision and a little sweat equity. Value add opportunity, solid rental demand, and location make this one worth a look! Bring your hard hat and imagination, this could be the investment opportunity you've been waiting for!


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate4.93
Carport Spaces0
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsFrom Pacific Highway go East on 18th Ave S. Duplex on the right.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces1
HOANo
HOA Fee$0
HeatingBaseboard, Forced Air
High SchoolBuyer To Verify
High School DistrictFederal Way
Insurance Expense1200
Leasable Area2,400 sqft
Listing TermsCash, Conventional, Rehab Loan
Living Area0 sqft
Lot Size Square Feet7,500 sqft
Lot Size UnitsSquare Feet
MLS Area110 - Dash Point/Federal Way
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income24661
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Possible UseResidential
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksINVESTOR ALERT! Bring your hard hat and unlock the potential! Opportunity knocks in Federal Way with this income-producing duplex situated on a spacious, fully fenced lot with excellent access to free
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeDuplex
Subdivision NameFederal Way
Tax Annual Amount$5,765
Tax Year2026
Units Below Gradetrue
Units In Building Total2
ViewTerritorial
Water CompanyLakehaven Water
Water Sewer Garbage2570
Year Built1962
Zoning DescriptionResidential

Exterior

Building Area Total2,350 sqft
Covered Spaces1
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, High Voltage Line, Paved
Lot Size Acres0.1722
Parking FeaturesRV Parking
Parking Uncovered Total4
Site FeaturesCable TV, Fenced-Fully, Gas Available, RV Parking
Total Parking5
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Middle School Buyer To Verify Middle School
Elementary School Buyer To Verify Elementary School

  

Similar Properties

$499,950

6 Beds 2 Baths 2,350 SQFT 0.17 Acres
Type: Pending

29440 18th Avenue S
Federal Way, WA 98003

MLS#: 2582168