Bought with Bricksfolios RE Solutions
$700,000
$748,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
28600 25th PL S Federal Way, WA 98003
2,080 SqFt
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $336
Subdivision Central Federal Way
MLS Listing ID 2058037
Sold Date 06/09/23
Style 52 - Duplex
Year Built 1968
Annual Tax Amount $5,208
Lot Size 7,333 Sqft
Property Description
Rare investment opportunity in a highly-desirable area close to I-5, shopping centers, public transit. Perfect rental neighborhood that is walkable and also car friendly with plenty of parking. Great for commuters heading north to Seattle/Bellevue or south to Tacoma. Property is completely turn-key with everything updated and ready to rent. Individually metered with shared laundry room in middle. 7.13% cap rate with no upcoming maintenance/CapEx. Vacant units give you multiple options to either long term rent or Airbnb. Buyer can even live in one and rent the other for an amazing house hack! Positive cash flow for anyone's portfolio. Come check it out today!
Location
State WA
County King
Area 110 - Dash Point/Federal Way
Interior
Interior Features Laminate Hardwood
Flooring Laminate, Vinyl
Fireplace No
Exterior
Exterior Feature Wood Products
Amenities Available Cable TV, Fenced-Fully, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition,Flat,Torch Down
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157