135 S 340th Street, Federal Way, WA 98003
- $1,000,000
- 4,096
- SqFt
Listing courtesy of CENTURY 21 North Homes Realty. Selling Office: John L. Scott, Inc.
- Sold Price
- $1,000,000
- List Price
- $1,000,000
- Status
- SOLD
- MLS#
- 2068504
- Closing Date
- Aug 03, 2023
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,096
- Area Total SqFt
- 4096
- Annual Tax Ammount
- 9454
- Lot Size (sq ft)
- 9,701
- Sewer
- Sewer Connected
Property Description
Welcome to this charming 4-plex in the heart of Federal Way! Featuring (4) 2-bedroom, 1.5-bathroom units. Each 2 story unit offers a cozy, functional layout with plenty of storage throughout. Enjoy the convenience of in-unit laundry and a private patio. With recent updates including a new roof in 2021, these are at 100% occupancy. The building includes covered on-site parking for each tenant and is ideally located close to shopping, dining, and public transportation. Don't miss this opportunity to own a great investment property! Professionally managed and well maintained, this is a great property.
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Additional Information
- List Date
- 2023-07-27 00:00:00
- Community
- Panther Lake
- Net Operating Income
- $48,309
- Gross Adjusted Income
- $83,671
- Gross Scheduled Income
- $73,926
- Total Monthly Income
- $7,246
- Insurance Expenses
- $2,851
- Water/Sewer/Garbage Expenses
- $5,847
- Gross Rent Multiplier
- 13.52
- Total Expenses
- $35,362
- Cap Rate
- 4.8
- Total Number of Units
- 4
- Unit Name
- 135 S
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Flat
- Site Features
- Deck
- Other Expenses
- 17210
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Panther Lake Elem
- Middle School
- Illahee Jnr High
- High School
- Todd Beamer High
- Total Monthly Income
- $7,246
- Gross Scheduled Income
- $73,926
- Gross Adjusted Income
- $83,671
- Tax Year
- 2023
- Insurance Expense
- $2,851
- W/S/G Expenses
- $5,847
- Total Expenses
- $35,362
- Net Operating Income
- $48,309
- Gross Rent Multiplier
- 13.52
- Cap Rate
- 4.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.