34 S 342nd Place, Federal Way, WA 98003
- $1,100,000
- 3,600
- SqFt
Listing courtesy of Real Estate 2000 Inc.. Selling Office: Keller Williams Seattle Metro.
- Sold Price
- $1,100,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2170933
- Closing Date
- Mar 05, 2024
- Days on Market
- 90
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 8751
- Lot Size (sq ft)
- 12,789
- Sewer
- Available
Property Description
Opportunity To Own a Turn Key 4-Plex in Panther Lake Complex - Renovations 2023. 2 Bed, 1 Bath. 2 Updated Units (Sep 2023), 2 Units With Prior Updates. Each Unit Features a Kitchen, Living Room, Washer/Dryer, & Cozy Fireplace. New Roof (Sep 2023) & Exterior Paint. 3 Occupied Units, 1 Advertised for Rent. Ideal for Owner Occupancy with Low Rates. On-Site Management (5%). HOA Covers Water, Sewer, Garbage, and Common Area Maintenance. 4 Covered Parking & 2 Guest Spots. Nearby Community Play Area & Sports Court. Easy Access to Upcoming Light Rail. Close to Schools, Shopping, and Restaurants. This is a perfect investment for a first-time investor or a hands-off investor. Interior Showings with Signed PSA. List of Capital improvements Provided.
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Additional Information
- List Date
- 2023-12-06 00:00:00
- Community
- Panther Lake
- Net Operating Income
- $62,551
- Gross Adjusted Income
- $86,220
- Gross Scheduled Income
- $86,220
- Total Monthly Income
- $7,185
- Insurance Expenses
- $1,124
- Gross Rent Multiplier
- 13.91
- Total Expenses
- $23,669
- Cap Rate
- 5.22
- Total Number of Units
- 4
- Unit Name
- 34
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Other Expenses
- 13794
- Energy Source
- Electric
- School District
- Federal Way
- Total Monthly Income
- $7,185
- Gross Scheduled Income
- $86,220
- Gross Adjusted Income
- $86,220
- Tax Year
- 2023
- Insurance Expense
- $1,124
- Total Expenses
- $23,669
- Net Operating Income
- $62,551
- Gross Rent Multiplier
- 13.91
- Cap Rate
- 5.22
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.