1728 S 305th Place, Federal Way, WA 98003

$1,695,000

Listing courtesy of Zaran Sayre & Associates, Inc..

List Price
$1,695,000
Status
ACTIVE
MLS#
2217743
Days on Market
262
Style
55 - 5-9 Units
Building Condition
Good
Annual Tax Ammount
12293
Lot Size (sq ft)
9,884
Sewer
Sewer Connected

Property Description

Seven Unit Residential Complex in the heart of Federal Way. Fully occupied, 5.86 cap rate. Four of the units have been re-modeled. The Light Rail Station is coming soon, and the A line Bus is steps away. These affordable units are ideal for commuters. Historically in high demand with low vacancy rate. DO NOT DISTURB OR TALK WITH TENANTS PLEASE. Inspection, viewing/walk-through after mutual acceptance.

Additional Information

List Date
2023-07-27 15:27:08
Community
Central Federal Way
Net Operating Income
$98,263
Gross Adjusted Income
$119,868
Gross Scheduled Income
$119,868
Total Monthly Income
$9,989
Insurance Expenses
$3,000
Water/Sewer/Garbage Expenses
$4,200
Gross Rent Multiplier
14.14
Total Expenses
$21,605
Cap Rate
5.8
Total Number of Units
7
Unit Name
1728
Potential Terms
Cash Out, Conventional
Year Built
1977
Roof
Flat
Other Expenses
2112
Energy Source
Electric
School District
Federal Way
Total Monthly Income
$9,989
Gross Scheduled Income
$119,868
Gross Adjusted Income
$119,868
Tax Year
2022
Insurance Expense
$3,000
W/S/G Expenses
$4,200
Total Expenses
$21,605
Net Operating Income
$98,263
Gross Rent Multiplier
14.14
Cap Rate
5.8
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