30853 14th Ave S

    Federal Way, WA 98003
    • $2,500,000
    • STATUS: Pending
    • ON SITE: 102 days
    • ID#: 1371143
    Under Contract
    UPDATED: 64 min ago
    $2,500,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,420
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Savvy Lane Inc.

    Description

    The Lake is a 16-unit apartment complex located in Federal Way, WA. Current ownership has spent nearly $200,000 in interior and exterior renovations in the past 12 months. The property offers a unique park-like setting with a large off-street courtyard. The asset is located about half a mile from the future location of the Federal Way Light Rail Station, giving an investor strong in place cash-flow with immediate and future upside in rents.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T17:16:11.32.

    www.kimberlygartlandgroup.com/homes/88220576

    30853 14th Ave S Federal Way, WA 98003

    • Price: $2,500,000
    • Status: Pending
    • Updated: 64 min ago
    • ID#: 1371143
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    9,420
    SQFT
    $265
    $/SQFT
    1958
    Built
    Neighborhood:
    Federal Way
    County:
    King
    Area:
    Dash Pt/Fed Way
    School District:
    Federal Way
    Property Description
    The Lake is a 16-unit apartment complex located in Federal Way, WA. Current ownership has spent nearly $200,000 in interior and exterior renovations in the past 12 months. The property offers a unique park-like setting with a large off-street courtyard. The asset is located about half a mile from the future location of the Federal Way Light Rail Station, giving an investor strong in place cash-flow with immediate and future upside in rents.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Exterior BrickWood Garage Spaces 16 Roof Flat Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 16 Uncovered Spaces 0

    Interior Features

    Floor Covering HardwoodVinyl Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 450 Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 606 Unit3 Bathrooms 1.50 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 950 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 6.28 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided Gross Adjusted Income 231825 Gross Rent Multiplier 11 Gross Scheduled Income 243132 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4824 Leased Items None Net Operating Income 163153 New Construction YN No Other Expenses 29441 Possession Closing Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cabana/GazeboDeckFenced-PartiallyPatio Tax Amount 19171 Tax Year 2018 Terms Conventional Third Party Approval Required None Total Expenses EXP 68672 Total Expenses TEX 68672 Total Monthly Income 20116 Unit1 Monthly Rent 1014 Unit2 Monthly Rent 1208 Unit3 Monthly Rent 1500 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 5 Water Sewer Garbage 15152 Water Source Public

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T17:16:11.32.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Savvy Lane Inc.