135 340th Street

  • $1,000,000
  • 4,096 Sq Ft

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2068504 - 135 340th Street

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%

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Listing 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
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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