Panther Lake Apartments is a 6-unit building built in 1979, located in Federal Way. All units are 1,000 SF with two bedrooms, one bathroom, in-unit washer & dryers, wood-burning fireplaces, private patios/balconies and covered parking. All new windows, sliders, exterior paint, and electrical panels in last two years. As part… Read More of a larger residential community, residents benefit from shared amenities including on-site management, a playground, and tennis courts. Located just 2 miles from the Light Rail station and 1.5 miles from I-5, the property offers convenient access to Tacoma, Seattle, and the broader Puget Sound region. Priced at $208K per unit with a cap rate of 6.7%. Read Less
Listing courtesy of Northmarq Multifamily, LLC
Listing Snapshot
Cumulative Days On Market
10
Days on Website
10
Last Updated
Property Type
Multi Family
Square Ft.
6,000
Lot Size
0.41 Acres
Year Built
1979
Property Tax
$14,489
MLS Number
2590067
Additional Details
Building
Built in 1979, Built in 2005 (effective), 3 stories, Construction Materials: Cement Plank
Cooling
None
Expenses
Insurance: $5,100, Other Expense: $27,342
Exterior Features
Cement Planked
Floors
Vinyl, Vinyl Plank, Carpet
Foundation
Poured Concrete
Heating
Baseboard
Home Owner's Association
Association Fee: $1,016.7, Fee Frequency: Monthly
Income
Gross ScheduledIncome: $127,980, Net Operating Income: $83,104
Lot
0.4132 acres, Corner Lot, Dead End Street, Paved
Parking
6 carport spaces, 9 covered spaces, 12 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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