34015 1st Circle S, Federal Way, WA 98003

$1,300,000
6,200
SqFt

Listing courtesy of Vander Pool Real Estate LLC.

List Price
$1,300,000
Status
PENDING
MLS#
2202916
Price Change
▼ $99,950 1709610497
Days on Market
55
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
6,200
Area Total SqFt
6200
Annual Tax Ammount
12360
Lot Size (sq ft)
15,648
Sewer
Sewer Connected

Property Description

This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is completely occupied. Each unit is 1000 sqft and have 2 bedrooms and one bath. Very desirable Panther Lake location. Recent work that has been done to the building: New exterior paint, new windows, updated interiors, new electrical boxes. repairs and replacement of wear items have always been done as needed, The view behind the units is of a forest.

Additional Information

List Date
2024-02-22 15:52:10
Community
Panther Lake
Net Operating Income
$74,130
Gross Adjusted Income
$110,640
Gross Scheduled Income
$110,640
Total Monthly Income
$9,220
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$4,200
Gross Rent Multiplier
12.65
Total Expenses
$36,509
Cap Rate
5.29
Total Number of Units
6
Unit Name
34015
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1979
Roof
Composition
Site Features
Patio
Other Expenses
17449
Energy Source
Electric
School District
Federal Way
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$9,220
Gross Scheduled Income
$110,640
Gross Adjusted Income
$110,640
Tax Year
2023
Insurance Expense
$2,500
W/S/G Expenses
$4,200
Total Expenses
$36,509
Net Operating Income
$74,130
Gross Rent Multiplier
12.65
Cap Rate
5.29
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