28824 28th Place S, Federal Way, WA 98003
- $740,000
- 2,290
- SqFt
Listing courtesy of Best Choice Realty. Selling Office: COMPASS.
- Sold Price
- $740,000
- List Price
- $719,000
- Status
- SOLD
- MLS#
- 2268358
- Closing Date
- Aug 29, 2024
- Days on Market
- 6
- Style
- 52 - Duplex
- Building Condition
- Remodeled
- Finished SqFt
- 2,290
- Area Total SqFt
- 2290
- Annual Tax Ammount
- 5537
- Lot Size (sq ft)
- 9,100
- Sewer
- Sewer Connected
- Offer Review Date
- 2024-07-30
Property Description
Rare investor opportunity to own a large duplex in Federal Way. It boasts two mirrored 3 bed/1.5 bath units. Each unit has a fully fenced private backyard and an attached garage. Vacant unit has been fully remodeled including flooring, doors, cabinets, granite countertops, brand-new appliances, bathrooms, garage door, stonework, and paint. Occupied unit got a few updates this year, and duplex also got a brand-new architectural roof. Conveniently located near I-5 and close to bus stops, shopping and restaurants, it has a walk score of 61 and a bike score of 51. Both units have W/D hookups and one car garage. Lease for the occupied unit is over, new owner can choose to sign a new lease at current market rents on both units.
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Additional Information
- List Date
- 2024-08-23 00:00:00
- Community
- Federal Way
- Net Operating Income
- $53,424
- Gross Adjusted Income
- $62,160
- Gross Scheduled Income
- $62,160
- Total Monthly Income
- $5,180
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $1,600
- Gross Rent Multiplier
- 11.58
- Total Expenses
- $8,737
- Cap Rate
- 7.42
- Total Number of Units
- 2
- Unit Name
- 28824
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 400
- Energy Source
- Electric
- School District
- Federal Way
- Elementary School
- Valhalla Elem
- Middle School
- Kilo Jnr High
- High School
- Thomas Jefferson Hig
- Total Monthly Income
- $5,180
- Gross Scheduled Income
- $62,160
- Gross Adjusted Income
- $62,160
- Tax Year
- 2024
- Insurance Expense
- $1,200
- W/S/G Expenses
- $1,600
- Total Expenses
- $8,737
- Net Operating Income
- $53,424
- Gross Rent Multiplier
- 11.58
- Cap Rate
- 7.42
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.