34007 1st Cir S

    Federal Way, WA 98003
    • $1,050,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 1579336
    $1,050,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,400
      SQFT
    • $194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Real Property Associates.

    Description

    6 unit professionally managed, fully leased apartment building is ready for new ownership! All units are 2 bed/1 bath with wood burning fire place, in-unit washer/dryer, and covered carport parking! Monthly HOA dues cover W/S/G, common electric, exterior maintenance and landscaping. Great location close to I-5, Costco, the library, bus routes and more. This property is great for the hands off investor looking for stable, passive income. Dont miss out on this opportunity!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Royston Team at Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-30T00:13:19.973.

    www.roystonteam.com/homes/104232215

    34007 1st Cir S Federal Way, WA 98003

    • Price: $1,050,000
    • Status: Active
    • ID#: 1579336
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    5,400
    SQFT
    $194
    $/SQFT
    1979
    Built
    Neighborhood:
    Panther Lake
    County:
    King
    Area:
    Dash Pt/Fed Way
    School District:
    Federal Way
    Property Description
    6 unit professionally managed, fully leased apartment building is ready for new ownership! All units are 2 bed/1 bath with wood burning fire place, in-unit washer/dryer, and covered carport parking! Monthly HOA dues cover W/S/G, common electric, exterior maintenance and landscaping. Great location close to I-5, Costco, the library, bus routes and more. This property is great for the hands off investor looking for stable, passive income. Dont miss out on this opportunity!
    Exterior Features

    Carport Spaces 6 Exterior Cement Planked Foundation Poured Concrete Garage Spaces 0 Lot Details Paved Street Roof Composition Stories In Building 2 Style 55 - 5-Plex Total Parking Spaces 6 Uncovered Spaces 0

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 900 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 1 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 900 Unit2 Washer Dryer Y Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 1 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 900 Unit3 Washer Dryer Y Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 1 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 900 Unit4 Washer Dryer Y Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 1 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 900 Unit5 Washer Dryer Y Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 1 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 900 Unit6 Washer Dryer Y Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.04 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 95390 Gross Rent Multiplier 10 Gross Scheduled Income 98340 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2088 Leased Items None Net Operating Income 63440 New Construction YN No Other Expenses 6569 Possession Sub. Tenant's Rights Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Tax Amount 11100 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 31949 Total Expenses TEX 31949 Total Monthly Income 0 Unit1 Monthly Rent 1395 Unit2 Monthly Rent 1350 Unit3 Monthly Rent 1425 Unit4 Monthly Rent 1325 Unit5 Monthly Rent 1350 Unit6 Monthly Rent 1350 Vacancy Rate 3 Water Sewer Garbage 12192 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Royston Team at Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Royston Team at Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-03-30T00:13:19.973.

     
    The Royston Team at Keller Williams Realty
    Poulsbo WA, 98370
    Listing Courtesy of Real Property Associates.