34214 1st Place S, Federal Way WA, 98003
(Active)
$909,500
|
3,056 sqft
|
MLS# 2131380
Last Updated: 5/6/2024 3:40 AM
Description for
34214 1st Place S
Federal Way, WA 98003
Below market rents with potential to increase at the end of the year. Don't miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don't want to miss! HOA rules do not allow for self management.
Price
$909,500
Panther Lake
King
3,056 (approx)
2131380
Active
Description
Below market rents with potential to increase at the end of the year. Don't miss this opportunity to own a well-maintained 4plex in Federal Way. This property features four spacious units, each with 2 bedrooms, 1 bathroom, a fireplace, a balcony or patio, and in unit washer and dryer. Dedicated covered parking for each unit plus 2 guest spaces. Great location convenient to shopping, dining, schools, and parks. Good access to I-5 and Hwy 18 for commuters. All units are currently occupied with great rental history, long term tenants that generate a stable income. On site professional management makes this is a turn-key investment that you don't want to miss! HOA rules do not allow for self management.
Listing Information
| Property Type: Fourplex, Multi-Family, 2 Story | ||
| 0.24 Acres | 3,056 (approx) | 1977 |
| Yes-4 spaces | 2 | Wood |
| Multi-Family | ||
Panther Lake
Public
Sewer Connected
Neighborhood
School Information
| District: Federal Way | ||
| Buyer To Verify | Buyer To Verify | Buyer To Verify |
Room Information
Interior Features
Vinyl, Carpet
None
Electric Heating,
Baseboard
Wall to Wall Carpet
Exterior / Lot Features
4 Carport Spaces,
6 Parking Spaces,
Wood
Deck, Patio
Composition
Community
Cul-De-Sac,Curbs,Dead End Street,Open Space,Paved,Sidewalk
Driving Directions
I5 to 348th St, Rt on 1st Ave S, Lt on 1st Pl S into Campus View. take first Rt.
Financial Considerations
| $4,668 Annually |
| 1322010300 |
| $8,330 |
Conventional
Listing Price History
Federal Way Real Estate
Federal Way is located in Washington. Federal Way, Washington 98003 has a population of 99,239.
The median household income in Federal Way, Washington 98003 is $63,796. The median household income for the surrounding county is $102,088 compared to the national median of $66,222. The median age of people living in Federal Way 98003 is 41 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/21/2024 | Active | $909,500 USD |
|
| 3/8/2024 | Pending | $909,500 USD |
|
| 3/7/2024 | Active | $909,500 USD -1.09% |
|
| 1/22/2024 | Active | $919,500 USD -1.08% |
|
| 10/13/2023 | Active | $929,500 USD -2.16% |
|
| 9/25/2023 | Active | $950,000 USD |
|
| 9/18/2023 | Pending | $950,000 USD |
|
| 6/27/2023 | Active | $950,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $8,216 USD | - | $827,000 USD | - |
| 2022 | $8,216 USD | 15.30% | $827,000 USD | 19.68% |
| 2020 | $7,126 USD | 23.44% | $691,000 USD | 40.16% |
| 2019 | $5,773 USD | -9.13% | $493,000 USD | - |
| 2018 | $6,353 USD | 9.52% | $493,000 USD | 12.05% |