29003 28th PL S Active Save Request In-Person Tour Request Virtual Tour
Federal Way,WA 98003
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $305
Subdivision Federal Way
MLS Listing ID 2309148
Style 52 - Duplex
Bedrooms 4
Year Built 1980
Annual Tax Amount $5,114
Lot Size 7,200 Sqft
Property 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.
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Flooring Laminate,Vinyl,Carpet
Exterior
Exterior Feature Metal/Vinyl,Wood
Amenities Available Fenced-Fully
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Curbs,Dead End Street,Paved,Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Federal Way
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional