34242 1st Place S, Federal Way, WA 98003
- $1,030,000
- 3,600
- SqFt
Listing courtesy of Redfin. Selling Office: John L. Scott, Inc..
- Sold Price
- $1,030,000
- List Price
- $1,075,000
- Status
- SOLD
- MLS#
- 2241322
- Closing Date
- Jun 28, 2024
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 8573.22
- Lot Size (sq ft)
- 9,621
- Sewer
- Sewer Connected
Property Description
Attention investors! Rare 4-plex investment property in a great community -Campus View. Features 4 spacious units w/functional layout, each w/2 beds, 1 full bath, cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spot for each unit + visitor parking. Long lasting Tile Roof. Prime location close to schools, library, shopping, restaurants, hospital, Panther Lake Park, Celebration Park, West Hylebos State Park, Costco, Winco & more!. Quick & Easy access to upcoming Light Rail, I-5, Hwy 99 & Hwy 18 for commuters. Fully Maintained & Professionally Managed (Management company handles everything w/owner input) makes the convenience of owning this 4plex a great option for investors near or far! Add to your investment portfolio today!
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Additional Information
- List Date
- 2024-06-21 00:00:00
- Community
- West Campus
- Net Operating Income
- $57,474
- Gross Adjusted Income
- $75,726
- Gross Scheduled Income
- $84,300
- Total Monthly Income
- $7,025
- Insurance Expenses
- $2,780
- Gross Rent Multiplier
- 12.75
- Total Expenses
- $18,253
- Cap Rate
- 5.35
- Total Number of Units
- 4
- Unit Name
- 34242
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Tile
- Site Features
- Deck
- Other Expenses
- 6900
- 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
- $7,025
- Gross Scheduled Income
- $84,300
- Gross Adjusted Income
- $75,726
- Tax Year
- 2023
- Insurance Expense
- $2,780
- Total Expenses
- $18,253
- Net Operating Income
- $57,474
- Gross Rent Multiplier
- 12.75
- Cap Rate
- 5.35
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.