34007 1st Cir S - Multi-Family FOR SALE


Federal Way, WA 98003
$1,395,000 USD
206-693-3330
34007 1st Cir S, Federal Way, WA for Sale
$1,395,000 USD
Multi-Family - FOR SALE
1/14
null | 6.04% Cap Rate

34007 1st Cir S
Federal Way, WA 98003


HIGHLIGHTS

  • Well Located
  • Exterior Renovation

OVERVIEW

Renovated Units: 3 of 6 units are fully renovated, with one being turned, and 2 remaining classic. In-Unit Washer & Dryer: All units are equipped with in-unit laundry. Hands Free Investment: Community has in place professional management and HOA. Monthly HOA dues include water, sewer, garbage, landscaping and common area maintenance. Large Community: Part of a larger community with on-site management, on-site maintenance, playground, tennis courts, and other community amenities. Exterior Renovation: New exterior paint and new exterior windows and sliders. Well Located: Only 1.5 miles from I5 allowing residents convenient access to Tacoma (11 mi), Seattle (25mi), and the rest of the Puget Sound Region. Attractive Basis: Listed above a 6% cap rate for $233,000 per unit and $233 per square foot.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

6

PRICE/UNIT

$232,500

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panther Lake Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,740 SF

ZONING

RM2400

APN/PARCEL ID

132202-0360

ASK ABOUT THIS PROPERTY

Taylor WymanNorthmarqMore Info
206-693-3330

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Taylor WymanNorthmarqMore Info
206-693-3330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.