Bought with Heaton Dainard, LLC
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Key Details
Sold Price $945,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,904 sqft
Price per Sqft $242
Subdivision Panther Lake
MLS Listing ID 1975775
Sold Date 02/28/23
Style 54 - 4-Plex
HOA Fees $678/mo
Year Built 1979
Annual Tax Amount $8,775
Lot Size 10,348 Sqft
Property Description
Excellent investment opportunity in solid condition. Turnkey 4-plex in the Panther Lake complex with updated roof & double pane windows. Townhome style units with 2 beds/1.5 baths, kitchen, living room, washer/dryer, fireplace. Desirable greenbelt and park-like setting. Each of the 4 units has a yard, patio & second floor deck. All units are rented with room to increase rents to market value. Low historic vacancy rate. On site property mgmt in place for a 5% fee. HOA dues cover water, sewer, garbage, common area + exterior bldg maint. Covered parking per unit + add'l parking. Convenient access to new light rail coming soon. No sign, do not disturb tenants. Interior showing/insp with signed PSA. Community play area, sport court nearby.
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Amenities Available Athletic Court, Deck, Patio, Sprinkler System
Waterfront No
View Y/N Yes
View Territorial
Roof Type Cedar Shake,Flat
Building
Lot Description Open Space, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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