34013 1st Circle S, Federal Way, WA 98003
- $785,500
- 2,784
- SqFt
Listing courtesy of COMPASS. Selling Office: eXp Realty.
- Sold Price
- $785,500
- List Price
- $800,000
- Status
- SOLD
- MLS#
- 2170515
- Closing Date
- Jan 22, 2024
- Days on Market
- 47
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,784
- Area Total SqFt
- 2784
- Annual Tax Ammount
- 7535
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
Federal Way Four Plex: 4 1BR units, with fireplace, washer/dryer, galley kitchen, deck and parking. The Panther Lake complex is a collection of 4 plex units all run by the Panther Lake HOA and property management. Great rental income, the vacancy rate is very low, management fee is only 5% and the HOA takes care of the grounds, utility and general maintenance. Freshly painted exterior, 50 year roof. Unit A totally renovated from studs out! All units filled with contented tenants. The charm is that each unit looks out over the woods towards the lake. Cool shade! Great location with easy access. Profit and loss statement available! Photos available of the new unit.
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Additional Information
- List Date
- 2023-12-06 00:00:00
- Community
- Panther Lake
- Net Operating Income
- $43,315
- Gross Adjusted Income
- $66,050
- Gross Scheduled Income
- $68,094
- Total Monthly Income
- $5,900
- Insurance Expenses
- $2,950
- Gross Rent Multiplier
- 11.75
- Total Expenses
- $10,567
- Cap Rate
- 0.05
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 34013
- Potential Terms
- Conventional, FHA
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 82
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,900
- Gross Scheduled Income
- $68,094
- Vacancy Rate
- 3
- Gross Adjusted Income
- $66,050
- Tax Year
- 2022
- Insurance Expense
- $2,950
- Total Expenses
- $10,567
- Net Operating Income
- $43,315
- Gross Rent Multiplier
- 11.75
- Cap Rate
- 0.05
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.