Bought with Skyline Properties, Inc.
$1,150,000
$1,195,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
28641 16th AVE S Federal Way, WA 98003
3,920 SqFt
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,920 sqft
Price per Sqft $293
Subdivision Redondo
MLS Listing ID 2038539
Sold Date 06/28/23
Style 54 - 4-Plex
Year Built 1979
Annual Tax Amount $8,898
Lot Size 0.315 Acres
Property Description
Located in a nice quiet area near the heart of Federal Way while harvesting the appreciation of the city! Having access near Redondo beach while being next to all the desirable conveniences makes this place easy to rent out. Each unit average $2,050 in rents with all newer signed year leases! Tenants are awesome, cooperative and enjoys their living. A new owner can have peace of mind with a steady cash-flowing investment even with today's current interest rates. Each unit offers a spacious 980 square with 2 bedrooms, 1.75 bathrooms, washer and dryer hookups, and a private balcony with a view. Put more down payment to collect higher cash on cash returns!
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Deck
View Y/N Yes
View Sound
Roof Type Composition
Building
Lot Description Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Woodmont Elem
Middle Schools Sacajawea Jnr High
High Schools Federal Way Snr High
School District Federal Way
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.