Interior Features Wall to Wall Carpet
Sewer Available
Heating Baseboard
Cooling None
Possession Negotiable Tenant's Rights
Roof Composition
Exterior Features Wood Products
HOA 0
Security Features FullyFenced
Year Built 1961
View Mountain(s) Territorial
Property SubType Multi-Family
Tax Year 2023
Building Name Downtown Federal Way Zoned RM2400
County King
Net Operating Income 25561
Insurance Expense 988
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Steel Lake
Possible Use Multi-Family See Remarks
Special Listing Conditions None
Status Pending
Directions From I-5 North Take 320th Street exit Right onto 320th St. Right onto Gateway Ctr Blvd Right on 28th Ave S follow thru round about past HOV I-5 entrance Right on 28th Ave. Property down on Right
City Federal Way
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Federal Way
Open Parking Spaces 6
Total Units 2
MLS Area 110 - Dash Point/Federal Way
Lot Size Square Feet 41236
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 28th
Listing Terms Cash Out Conventional
Tax Annual Amount 9150.9
Electric Expense 0
Fuel Expense 0
Property Condition Fair
Public Remarks New Prime opportunity in city of Federal Way! 2 rental houses located in desirable busy Downtown w/ 3 parcels totaling .95 acre (41 236 sf) zoned RM2400 Multifamily.Great opportunity to collect rents
Leasable Area 2540
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Water Company Lake Haven
Units Below Grade false
Units In Building Total 2
Zoning Class Multi-Family See Remarks
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 2.13