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Panther Lake Apartments

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Panther Lake Apartments

34007 1st Circle S, Federal Way, WA 98003
Multi-Family For Sale Available Built 1979 3 floors Zoning: RM2400
Asking Price
$1,395,000
Total Building5,400 SF
Land784,036,440 SF land
ConstructionFramed
MarketFederal Way
CountyKing

Read Overview
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Overview

Property ID
154732
Listing ID
704510
Type
Multi-Family
Asset Class
Multi-Family
Zoning
RM2400

Description

Renovated Units: 3 of 6 units are fully renovated, with one being turned, and 2 remaining classic.In-Unit Washer & Dryer: All units are equipped with in-unit laundry.Hands Free Investment: Community has in place professional management and HOA. Monthly HOA dues include water, sewer, garbage, landscaping and common area maintenance.Large Community: Part of a larger community with on-site management, on-site maintenance, playground, tennis courts, and other community amenities.Exterior Renovation: New exterior paint and new exterior windows and sliders.Well Located: Only 1.5 miles from I5 allowing residents convenient access to Tacoma (11 mi), Seattle (25mi), and the rest of the Puget Sound Region.Attractive Basis: Listed above a 6% cap rate for $233,000 per unit and $233 per sq

Listing Courtesy of:

SF
Steve Fischer
Northmarq Multifamily LLC
10500 NE 8th Suite 1920,
Bellevue, WA 98004
State: WA City: Federal Way ZIP: 98003 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.