Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition Torch Down
HOA Fee 1016.7
Garage Spaces 0
Year Built 1979
View Territorial
Property Subtype Multi Family
Tax Year 2026
Assoc Fee Paid Per Monthly
County King
Net Operating Income 83104
Insurance Expense 5100
New Construction N
Property Type Residential Income
HOA Y
Subdivision Name Panther Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5 take exit 142B and merge onto Hwy 18 18 turns into S 348th St. Turn north on 1st Ave S west onto 1st PL S west again on 1st Cir S.
High School Federal Way Snr High
City Federal Way
Senior Community Y/N N
High School District Federal Way
Zoning Description Multi-Family
Number Of Units Total 6
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 17999
Carport Spaces 6
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Panther Lake Elem
Tax Annual Amount 14489
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Federal Way Public A
Property Condition Good
Public Remarks Panther Lake Apartments is a 6-unit building built in 1979 located in Federal Way. The property offers a true hands-off investment with professional management in place and HOA dues covering water se
Leasable Area 6000
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Playground
Units Below Grade true
Units In Building Total 6
Water Sewer Garbage 1463
Property Style 55 - 5-9 Units
Cap Rate 6.65