29003 28th Place S
Federal Way, WA 98003
1680 sqft | 0.17 acres | #2309148
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. DO NOT CONTACT TENANTS!
Interior Details
- InteriorLaminate Hardwood, Wall to Wall Carpet
Property Details
- Lot DescriptionCurbs, Dead End Street, Paved, Sidewalk
- Exterior MaterialsMetal/Vinyl, Wood
- Exterior FeaturesFenced-Fully
- ViewTerritorial
- Stories2
Measurements
- Acres0.1653
- Square Feet1680
Construction Details
- Property TypeMulti-Family
- Style52 - Duplex
Condition
- Year Built1980
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionFederal Way
Location
- School DistrictFederal Way
- CountyKing
Financial Details
- Original List Price$540,000
- Taxes Annual$5,114
- Days on Market (Cumulative)1
Other
- MLS #2309148
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-08 02:33:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Mo Abdi (#NWM56118)
Listing Office: Homes & Equity Real Estate Grp (#NWM5049)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
