$512,950
 $2,754 est/mo Sourced by Back At You

29003 28th Place , Federal Way, WA 98003

Federal Way, WA 98003

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Description

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.

Details

MLS#2309148
Listing TypeFor Sale
StyleTown House
Building NameAthlone
Sub-TypeResale
StatusActive
Year1980
Days On Site164
Listing Provided ByHomes & Equity Real Estate Grp | Mo Abdi

Features

SQ Feet1,680
Story(s)2
Units2
Acreage0.17
Property ViewYes

Market Activity 98003

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Learn More About This Property

StateWA
CountyKing
CityFederal Way
Zip Code98003
Area110 Dash Point | Federal Way
Community NameFederal Way
School DistrictFederal Way
Listing VS Median (In Federal Way)
Price:
$512,950
low | high
Med:
$557,400
41.334438054391% of Average
SqFt:
1,680
low | high
Med:
1,340
70.238095238095% of Average
$ / SqFt:
$305
low | high
Med:
$416
13.762579053267% of Average
On site:
164
low | high
Med:
202.000000
81.188118811881% of Average
Sourced by Back At You
Listing Updated: November 20, 2024 at 11:30:07 AM PST
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