1727 S 305th Place
Federal Way, WA 98003
5276 sqft | 0.22 acres | #2286969
Description
Prime Investment Opportunity in Federal Way: Renovated 8-Unit ApartmentThis fully occupied 8-unit apartment is rare. It is located near downtown Federal Way, directly across from Federal Way High School. Each unit has been completely renovated, ensuring modern living spaces that are attractive and easy to maintain. With a strong 6.29% CAP rate, this property promises solid returns on investment. Convenience is key, with the upcoming light rail station just minutes away and within walking distance of the bus stop. Recent upgrades, including a brand-new roof in 2018 and new siding and exterior paint in 2023, mean no deferred maintenance—making it an ideal, hassle-free investment—with low vacancy rates.
Property Details
- Exterior MaterialsWood Products
- Stories2
Measurements
- Acres0.2205
- Square Feet5276
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1976
Utilities / Energy Details
- Sewer InformationAvailable
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionFederal Way
Location
- School DistrictFederal Way
- CountyKing
Financial Details
- Original List Price$1,600,000
- Taxes Annual$15,361
- Days on Market (Cumulative)13
Other
- MLS #2286969
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-10-30 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Kennedy E. Akinlosotu (#NWM65282)
Listing Office: Nations Realty, LLC (#NWM1142)
Listing Courtesy (Buyer)
Buyer's Agent: Sam Chui (#NWM34730)
Buyer's Office: eLink Realty (#NWM5217)
