Well-maintained fourplex in Federal Way. Each unit features 2 bedrooms, 1 bathroom, a functional floor plan, fireplace, private balcony or patio, and in-unit washer and dryer, providing comfort and convenience for tenants.Property includes dedicated covered parking for each unit, additional uncovered parking spaces, and guest parking. Two units have been… Read More recently renovated, offering updated interiors and potential for increased rental income.The property has a strong rental history with long-term tenants, supporting stable and consistent income. On-site professional management is in place, and HOA rules do not allow for self-management.Conveniently located near shopping, dining, schools, and parks, with easy access to I-5 and Hwy 18, making it a desirable location for tenants and commuters alike. Ideal for investors seeking stable cash flow, low deferred maintenance, and long-term appreciation. Read Less
Listing courtesy of RSVP Brokers ERA
Listing Snapshot
Cumulative Days On Market
192
Days on Website
192
Last Updated
Property Type
Multi Family
Square Ft.
3,056
Lot Size
0.24 Acres
Year Built
1977
Property Tax
$8,626
MLS Number
2500500
Additional Details
Building
Built in 1977, Built in 1977 (effective), 2 stories, Construction Materials: Wood
Cooling
None
Energy Saving
Energy Efficiency: Thermal Windows
Expenses
Insurance: $3,737.16, Other Expense: $10,838.9
Exterior Features
Wood Products
Floors
Laminate, Vinyl, Vinyl Plank, Carpet
Foundation
Poured Concrete
Heating
Baseboard
Home Owner's Association
Association Fee: $375, Fee Frequency: Monthly
Income
Gross ScheduledIncome: $79,200, Net Operating Income: $48,261
Lot
0.2359 acres, Dimensions: 10276, Cul-De-Sac, Curbs, Open Space, Paved, Sidewalk
Parking
4 carport spaces, 4 covered spaces, 8 total parking spaces
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. Listings last updated on ,
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