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(253) 209-4200
Real Estate Company
1645 S 288th Street Unit #102, Federal Way, WA 98003
Listing Broker: WeLakeside; David Li; 206-434-1896; david.li.gpfis@gmail.com
- $280,000
- List Price
- $280,000
- Status
- ACTIVE
- MLS#
- 2601751
- Annual Tax Ammount
- 2736
Property Description
Excellent Investment Opportunity – Tenant-Occupied Commercial Condo in Federal Way! Discover this 954 SF ground-floor commercial office condominium in the desirable Redondo area of Federal Way. Currently tenant-occupied, generating $2,931/month ($35,172 annually) in gross rental income, offering immediate income potential for investors. The functional layout features three private offices, a reception/work area, and a private restroom. Conveniently located with easy access to Pacific Highway S, I-5, and surrounding residential and commercial communities. Ideal for investors seeking an income-producing commercial property or future owner-users, subject to existing lease terms. Don't miss this opportunity to own a commercial condo in a convenient South King County location!
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Additional Information
- Community
- Federal Way
- Style
- 62 - Business Opp.
- Year Built
- 2000
- Roof
- Built-Up
- Tax Year
- 2026
- HOA Dues
- $277
- Potential Terms
- Conventional
- Flooring
- Hardwood
- Driving Directions
- GPS
- Electric Expenses
- 1560
- Other Expenses
- 6048
- Energy Source
- Electric
- Net Operating Income
- $26,340
- Gross Adjusted Income
- $35,172
- Gross Scheduled Income
- $35,172
- Cap Rate
- 9.4
- Total Expenses
- $10,848
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.