181 S 340th Street, Federal Way, WA 98003
- $930,000
- 3,600
- SqFt
Listing courtesy of John L. Scott Snohomish. Selling Office: John L. Scott, Inc..
- Sold Price
- $930,000
- List Price
- $995,000
- Status
- SOLD
- MLS#
- 2253028
- Closing Date
- Nov 27, 2024
- Days on Market
- 113
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 8571
- Lot Size (sq ft)
- 9,790
- Sewer
- Sewer Connected
Property Description
Amazing investment opportunity with this 4-plex property in the Campus View community. This property features four spacious units, each with a great layout,offering 2 bedrooms,1 full bathroom, fireplace, in-unit washer and dryer, and either a balcony or deck. Units come with a dedicated covered parking spot, plus additional visitor parking. This property is maintained and professionally managed, with the management company handling all details w/owner input, providing hassle-free ownership. Centrally located, and close to shopping, dining, and local parks. Commuters will appreciate the close impropriety to I-5, HWY 99 and HWY 18. Great addition to your investment portfolio, or the start of one!
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Additional Information
- List Date
- 2024-08-06 00:00:00
- Community
- Federal Way
- Net Operating Income
- $48,353
- Gross Adjusted Income
- $76,880
- Gross Scheduled Income
- $83,398
- Total Monthly Income
- $6,575
- Insurance Expenses
- $3,023
- Water/Sewer/Garbage Expenses
- $5,690
- Gross Rent Multiplier
- 11
- Total Expenses
- $35,045
- Cap Rate
- 4.85
- Total Number of Units
- 4
- Unit Name
- 181
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1977
- Roof
- Tile
- Site Features
- Deck, Patio
- Electric Expenses
- 207
- Other Expenses
- 17552
- 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
- $6,575
- Gross Scheduled Income
- $83,398
- Gross Adjusted Income
- $76,880
- Tax Year
- 2023
- Insurance Expense
- $3,023
- W/S/G Expenses
- $5,690
- Total Expenses
- $35,045
- Net Operating Income
- $48,353
- Gross Rent Multiplier
- 11
- Cap Rate
- 4.85
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.