Redondo Homes with Assumable Terms

Redondo Homes with Assumable Terms

Welcome to the charming neighborhood of Redondo in Des Moines, King County, Washington. Redondo is a picturesque coastal community that offers a perfect blend of tranquility and convenience.

Nestled along the shores of Puget Sound, Redondo provides residents with stunning views of the water and easy access to beautiful beaches. The neighborhood boasts a peaceful atmosphere, making it an ideal retreat from the hustle and bustle of city life.

One of the unique features of homes in Redondo is the option for assumable terms. This means that buyers have the opportunity to take over the seller's existing mortgage, which can be a great advantage in a competitive real estate market. Assumable terms can make the home buying process smoother and potentially save buyers money in the long run.

Living in Redondo means enjoying a close-knit community with a strong sense of pride and connection. Residents have access to excellent schools, parks, and recreational facilities, making it a great place for families to settle down. With a variety of dining, shopping, and entertainment options nearby, there is always something to see and do in Redondo.

If you are looking for a peaceful coastal community with a unique real estate opportunity, Redondo in Des Moines is the perfect place to call home. Don't miss out on the chance to own a home with assumable terms in this charming neighborhood.

Newest Redondo Homes with Assumable Terms

$4,950,000
2564976 MLS ⋅ ACTIVE Status
We are pleased to present Redondo Ridge Townhomes, an 18-unit townhome community in Federal Way. Built in 1976, the property offers spacious 2-bedroom, 1.5-bath townhomes averaging 1,010 SF with fireplaces, vaulted ceilings, private patios, and full-size side-by-side washers and dryers. Offered at $4,950,000 ($275,000/unit, $272/SF), the asset delivers a 6.04% in-place cap rate with meaningful upside: current rents average $2,101, roughly 12% below the $2,400 achieved by comparable townhomes, and four unrenovated units offer approximately $500/month of additional income. Capital improvements include a new metal roof (2017), electrical panel upgrades (2018), fresh exterior paint (2026), and 14 of 18 units extensively remodeled with new cabinets, quartz counters, flooring, paint, doors, millwork, and appliances. Located 1.6 miles from the Federal Way Link Light Rail Station with convenient access to employment, shopping, and dining.

30323 15th Court S, Federal Way

Listing courtesy of Northmarq Multifamily, LLC.

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