$895,000

4 Beds 4 Baths 3,000 SQFT 0.23 Acres
Type: Multi-Family

34246 1st Place S
Federal Way, WA 98003

MLS#: 2586121
Presented by: Skyline Properties, Inc. and NWMLS

Property Description

 

Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to Redondo beach, Costco, Winco, shopping malls, restaurants, schools, parks, library & hospitals. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great cash flowing property for Investors, Owner occupied buyers & VA buyers.


 

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
FlooringEngineered Hardwood, Vinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesPlayground, Thermal Windows
Assoc Fee Paid PerMonthly
Building Area Units0 sqft
Cap Rate7.3
Carport Spaces4
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsGPS is correct.
Electric Expense0
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOAYes
HOA Fee$375
HeatingForced Air
High School DistrictFederal Way
Insurance Expense2575
Leasable Area3,000 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet9,810 sqft
Lot Size UnitsSquare Feet
MLS Area110 - Dash Point/Federal Way
NWM_ShowMapLinkY
Net Operating Income65227
New ConstructionNo
Number Of Units Total4
PossessionClosing, Subject To Tenant Rights
Possible UseMulti-Family
Property ConditionVery Good
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-un
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameWest Campus
Tax Annual Amount$8,998
Tax Year2026
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water Sewer Garbage0
Year Built1977
Zoning DescriptionMulti-Family

Exterior

Building Area Total3,000 sqft
Covered Spaces4
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Curbs, Open Space, Paved, Sidewalk
Lot Number22
Lot Size Acres0.2252
Parking Uncovered Total4
Site FeaturesAthletic Court, Cable TV, Deck, High Speed Internet, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
High School N/A
Elementary School N/A

  

Similar Properties

$895,000

4 Beds 4 Baths 3,000 SQFT 0.23 Acres
Type: Multi-Family

34246 1st Place S
Federal Way, WA 98003

MLS#: 2586121