Multi-Family Investment Opportunity in Federal Way
Property Details
MLS #
1390122Beds
8Cap Rate
7%SqFt
3,328Baths
4Exp
$10,428.00Price
$630,000Foundation
Poured ConcreteGrm
11Gsi
$55,884.00Neighborhood
North Lake/WeyerhaeuserNoi
$45,456.00Parking
8Rents
A$1,200 + B$1,057(sec8) + C$1,150 + D$1,250 = $4,557Stories
2Units
4Year Built
1985/1998Listing Description
FOURPLEX. 7% current cap rate; easily get to 7.5% with market rents. FUTURE DEVELOPMENT POTENTIAL: parcel size(.65 Acre) & zoning would allow for 4 additional units to be constructed on the lot. Each unit is 2bed/1bath with balcony/patio, individual storage, & washer/dryers. This is a solid, turn-key investment property; fully occupied & producing good cash-flow! 3/4 units have been completely remodeled with new kitchens/baths/flooring etc. High-demand rental close to freeway access & amenities.
Listing Location
Mortgage Calculator
Listing by
Sound Property Group
Keller Williams Seattle Metro
Ph: 2069316036
5446 California Ave. SW, Seattle, WA 98136