34214 1st Place S Federal Way, WA $ 909,500
34214 1st Place S
$ 909,500
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34214 1st Place S

Federal Way, WA, 98003
$ 909,500
Baths0.0 Sq 3,056

Monthly Estimate*

$ 6,353

Listed by Hampton West Real Estate
34214 1st Place S, Federal Way, WA 98003 - Image 1
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34214 1st Place S, Federal Way, WA 98003 - Image 11
Studio

Multi-Family Home for sale in Federal Way, WA

for $909,500. This 3,056 square foot home was built in 1977 on a lot size of 0.2359.

Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don’t want to miss! HOA rules do not allow for self management.

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Multi-Family Active

Price

$ 909,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,330

Style

4-Plex

Lot Size

0.2359

Year Built

1977

Town/City

Federal Way

County/Region

King

MLS | Web ID

2131380

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Negotiable
Roof Composition
Exterior Features Wood
HOA 4668
Pool Features Community
Year Built 1977
Property SubType Multi-Family
Tax Year 2022
Building Name Campus View Division 2
Assoc Fee Paid Per Annually
County King
Net Operating Income 47817
Insurance Expense 2780
New Construction N
Property Type Residential Income
HOA / Comm Assn Y
Energy Efficient Thermal Windows
Subdivision Name Panther Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I5 to 348th St Rt on 1st Ave S Lt on 1st Pl S into Campus View. take first Rt.
High School Buyer To Verify
City Federal Way
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Federal Way
Open Parking Spaces 2
Total Units 4
MLS Area 110 - Dash Point/Federal Way
Lot Size Square Feet 10276
Waterfront Y/N N
Carport Spaces 4
Carport Y/N N
Street Name 1st
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 8330
Electric Expense 76
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Below market rents with potential to increase at the end of the year. Don’t miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units each with
Leasable Area 3056
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Clubhouse Thermal Windows
Water Company Lakehaven
Units Below Grade false
Units In Building Total 4
Zoning Class Multi-Family
Water Sewer Garbage 6264
Property Style 54 - 4-Plex
Cap Rate 5.2
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Interior
Flooring Vinyl Carpet
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Place
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Cul-De-Sac Curbs Dead End Street Open Space Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 3056
Lot Size Acres 0.2359
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Athletic Court Deck Patio
Pool Type Community
Parking Uncovered Spaces 2
Lot Number 30
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Internal Only
OriginalMLSID NWM2131380
Street Number 1 34214
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* Excluded Features
List By
Kirk Mulfinger

Listing Agent

Hampton West Real Estate

Broker

Affordability Calculator

$7,047
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,353
Monthly Property Taxes
$694
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100707 Elementary School
3100498 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$909,500 -1.09% Price Down
1/22/2024$919,500 -1.08% Price Down
10/13/2023$929,500 -2.16% Price Down
6/27/2023$950,000 Listed Price

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34214 1st Place S, Federal Way, WA, 98003 is a Multi-Family Home for sale at $909,500 with 3,056 sqft and a lot size of 0.2359. 34214 1st Place S is a studio with 0.0 baths and was built in 1977. The property's zip code is 98003 which is in Federal Way, WA