135 340th Street
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Description
Welcome to this charming 4-plex in the heart of Federal Way! Featuring (4) 2-bedroom, 1.5-bathroom units. Each 2 story apartment offers a cozy, functional layout with plenty of storage throughout. Enjoy the convenience of in-unit laundry and a private patio. With recent updates including a new roof in 2021, these are at 100% occupancy. The building includes covered on-site parking for each tenant and is ideally located close to shopping, dining, and public transportation. Don’t miss this opportunity to own a great investment property! Professionally managed and well maintained, this is a great property. Cap rate at 4.3% currently. All units at market rent = Cap 5.7%
View full listing detailsListing Details
| Price: | $1,000,000 |
|---|---|
| Address: | 135 340th Street |
| City: | Federal Way |
| State: | Washington |
| Zip Code: | 98003 |
| Subdivision: | Panther Lake |
| MLS: | 2068504 |
| Year Built: | 1977 |
| Square Feet: | 4,096 |
| Acres: | 0.223 |
| Lot Square Feet: | 0.223 acres |
| allowedUseCaseGroups: | IDX |
|---|---|
| associationFee: | 3899 |
| associationFeeFrequency: | Annually |
| buildingAreaTotal: | 4096 |
| buildingAreaUnits: | Square Feet |
| buildingName: | Campus View Division 2 |
| buyerFinancing: | Conventional |
| buyerOfficeName: | John L. Scott, Inc |
| capRate: | 4.8 |
| carportSpaces: | 4 |
| concessionsComments: | Seller paid 11,000 towards buyers CC & prepaids. |
| cooling: | None |
| country: | US |
| effectiveYearBuiltSource: | Public Records |
| elementarySchool: | Panther Lake Elem |
| elevationUnits: | Feet |
| exteriorFeatures: | Wood, Wood Products |
| firstRightOfRefusal: | no |
| foundationDetails: | Poured Concrete |
| furnished: | Unfurnished |
| grossAdjustedIncome: | 83671 |
| grossRentMultiplier: | 13.52 |
| grossScheduledIncome: | 73926 |
| heating: | Baseboard |
| highSchool: | Todd Beamer High |
| highSchoolDistrict: | Federal Way |
| insuranceExpense: | 2851 |
| leasableArea: | 4200 |
| leasableAreaUnits: | Square Feet |
| leasedItems: | None |
| livingAreaUnits: | Square Feet |
| lotFeatures: | Paved |
| lotNumber: | 21 |
| lotSizeSquareFeet: | 9701 |
| lotSizeUnits: | Square Feet |
| middleOrJuniorSchool: | Illahee Jnr High |
| mlsAreaMajor: | _110DashPointFederalWay |
| mlsLotSizeSource: | Public Records |
| mlsStatus: | Sold |
| netOperatingIncome: | 48309 |
| numberOfUnitsTotal: | 4 |
| offers: | Seller intends to review offers upon receipt |
| openParkingSpaces: | 2 |
| otherExpense: | 17210 |
| parkingTotal: | 6 |
| parkingUncoveredSpaces: | 2 |
| possession: | Tenant's Rights |
| possibleUse: | Multi-Family |
| powerCompany: | Puget Sound Energy |
| powerProductionType: | Electric |
| preliminaryTitleOrdered: | yes |
| propertyCondition: | Good |
| roof: | Flat |
| saleType: | MLS |
| sellerDisclosure: | Provided |
| sewer: | Sewer Connected |
| sewerCompany: | Lakehaven |
| showMapLink: | yes |
| siteFeatures: | Deck |
| specialListingConditions: | None |
| storiesTotal: | 2 |
| structureType: | Quadruplex |
| styleCode: | 54 - 4-Plex |
| taxAnnualAmount: | 9454 |
| taxYear: | 2023 |
| titleCompany: | Aegis Land and Title |
| totalExpenses: | 35362 |
| totalMonthlyIncome: | 7246 |
| unitsBelowGrade: | false |
| unitsInBuildingTotal: | 4 |
| view: | Territorial |
| waterCompany: | Lakehaven |
| waterSewerGarbage: | 5847 |
| waterSource: | Public |
| waterfrontYN: | no |
| yearBuiltEffective: | 2005 |
| zoningClass: | Multi-Family |
| zoningJurisdiction: | City |
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