34246 1st Place S, Federal Way, WA 98003
- $895,000
- 3,000
- SqFt
Listing Broker: Skyline Properties, Inc.; Scott Fladseth; 206-795-9500; scottbinsea@hotmail.com
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- 2586121
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,000
- Area Total SqFt
- 3000
- Annual Tax Ammount
- 8998
- Lot Size (sq ft)
- 9,810
- Sewer
- Sewer Connected
Property Description
Turnkey 4 Plex Investment in a great community. Features 4 occupied spacious units w/functional layouts, large deluxe units w/1 bed, 1 full bath - highly desirable units. All units have a cozy FP, in-unit W/D, balcony or deck. Dedicated covered parking spots for each unit + visitor parking. New roof in 2024, New siding in 2024, new exterior and interior paint in 2024. Prime location close to Redondo beach, Costco, Winco, shopping malls, restaurants, schools, parks, library & hospitals. Community sports courts, play areas and amenities. Easy access to I-5, Hwy 99, Hwy 18 and upcoming light rail for commuters. Great cash flowing property for Investors, Owner occupied buyers & VA buyers.
Additional Information
- List Date
- 2026-09-23 05:01:11
- Community
- West Campus
- Net Operating Income
- $65,227
- Gross Adjusted Income
- $76,800
- Gross Scheduled Income
- $76,800
- Total Monthly Income
- $6,400
- Insurance Expenses
- $2,575
- Gross Rent Multiplier
- 11.59
- Total Expenses
- $11,573
- Cap Rate
- 7.3
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 34246
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Athletic Court, Cable TV, Deck, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Federal Way
- Total Monthly Income
- $6,400
- Gross Scheduled Income
- $76,800
- Vacancy Rate
- 2
- Gross Adjusted Income
- $76,800
- Tax Year
- 2026
- Insurance Expense
- $2,575
- Total Expenses
- $11,573
- Net Operating Income
- $65,227
- Gross Rent Multiplier
- 11.59
- Cap Rate
- 7.3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.