34015 1st Circle S, Federal Way, WA 98003
- $1,050,000
- 6,200
- SqFt
Listing courtesy of Vander Pool Real Estate LLC. Selling Office: Best Choice Realty.
- Sold Price
- $1,050,000
- List Price
- $1,300,000
- Status
- SOLD
- MLS#
- 2202916
- Closing Date
- Jun 14, 2024
- Days on Market
- 26
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 6,200
- Area Total SqFt
- 6200
- Annual Tax Ammount
- 12360
- Lot Size (sq ft)
- 15,648
- Sewer
- Sewer Connected
Property Description
This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is completely occupied. Each unit is 1000 sqft and have 2 bedrooms and one bath. Very desirable Panther Lake location. Recent work that has been done to the building: New exterior paint, new windows, updated interiors, new electrical boxes. repairs and replacement of wear items have always been done as needed, The view behind the units is of a forest.
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Additional Information
- List Date
- 2024-05-19 00:00:00
- Community
- Panther Lake
- Net Operating Income
- $74,130
- Gross Adjusted Income
- $110,640
- Gross Scheduled Income
- $110,640
- Total Monthly Income
- $9,220
- Insurance Expenses
- $2,500
- Water/Sewer/Garbage Expenses
- $4,200
- Gross Rent Multiplier
- 12.65
- Total Expenses
- $36,509
- Cap Rate
- 5.29
- Total Number of Units
- 6
- Unit Name
- 34015
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Patio
- Other Expenses
- 17449
- 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
- $9,220
- Gross Scheduled Income
- $110,640
- Gross Adjusted Income
- $110,640
- Tax Year
- 2023
- Insurance Expense
- $2,500
- W/S/G Expenses
- $4,200
- Total Expenses
- $36,509
- Net Operating Income
- $74,130
- Gross Rent Multiplier
- 12.65
- Cap Rate
- 5.29
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.