Courtesy of: Sherry Sahlstrom | RE/MAX Eastside Brokers, Inc.
$990,000Federal Way, WA 98003
MLS ID: NWM1975775
Year Build: 1979
Property Type: Residential Income
Area: 110 - Dash Point/Feder
Address: 21 S 338th Place , Federal Way, WA 98003
City: Federal Way
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.
From I-5 South, exit at 142-B, go west on S 320th St. Left on 1st Ave S (turns into 1st Way S). Right on S 338th PL. Fourplex on Left. No keybox, no sign. Careful not to disturb tenants.