Excellent investment opportunity with a strong 5.9% CAP rate and $3,300 in monthly rental income with potential for future growth. This property ideally located on a quiet dead-end street, close to freeway access, the upcoming light rail station and shopping. Each townhouse style unit offers 2 bedrooms, 1.5 bathrooms, 840 square feet of living space, an attached one-car garage and a private, fully fenced backyard. Both units have an excellent rental history. One unit underwent a $40K remodel in 2015 with additional updates including appliances and a new water heater between 2018 and 2019. Month to month lease. BRING ALL OFFERS! Motivated Seller. DO NOT CONTACT TENANTS.
MLS# | 2309148 |
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Listing Type | For Sale |
Style | Town House |
Building Name | Athlone |
Sub-Type | Resale |
Status | Active |
Year | 1980 |
Days On Site | 164 |
Listing Provided By | Homes & Equity Real Estate Grp | Mo Abdi |
SQ Feet | 1,680 |
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Story(s) | 2 |
Units | 2 |
Acreage | 0.17 |
Property View | Yes |
State | WA |
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County | King |
City | Federal Way |
Zip Code | 98003 |
Area | 110 Dash Point | Federal Way |
Community Name | Federal Way |
School District | Federal Way |
Listing VS Median (In Federal Way) | |
Price: $512,950 low | high Med: $557,400 SqFt: 1,680 low | high Med: 1,340 $ / SqFt: $305 low | high Med: $416 On site: 164 low | high Med: 202.000000 |