34015 1st Circle S Federal Way, WA $ 1,300,000
34015 1st Circle S
$ 1,300,000
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34015 1st Circle S

Federal Way, WA, 98003
$ 1,300,000
Baths0.0 Sq 6,200

Monthly Estimate*

$ 8,640

Listed by Vander Pool Real Estate LLC
34015 1st Circle S, Federal Way, WA 98003 - Image 1
34015 1st Circle S, Federal Way, WA 98003 - Image 2
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34015 1st Circle S, Federal Way, WA 98003 - Image 4
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34015 1st Circle S, Federal Way, WA 98003 - Image 8
34015 1st Circle S, Federal Way, WA 98003 - Image 9
Studio

Multi-Family Home for sale in Federal Way, WA

for $1,300,000. This 6,200 square foot home was built in 1979 on a lot size of 0.3592.

This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is completely occupied. Each unit is 1000 sqft and have 2 bedrooms and one bath. Very desirable Panther Lake location. Recent work that has been done to the building: New exterior paint, new windows, updated interiors, new electrical boxes. repairs and replacement of wear items have always been done as needed, The view behind the units is of a forest.

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Multi-Family Pending

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,360

Style

5-9 Units

Lot Size

0.3592

Year Built

1979

Town/City

Federal Way

County/Region

King

MLS | Web ID

2202916

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood
HOA 1000
Year Built 1979
Property SubType Multi-Family
Tax Year 2023
Assoc Fee Paid Per Monthly
County King
Net Operating Income 74130
Insurance Expense 2500
New Construction N
Property Type Residential Income
HOA / Comm Assn Y
Energy Efficient Thermal Windows
Subdivision Name Panther Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions All map programs will get you there
High School Buyer To Verify
City Federal Way
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Federal Way
Open Parking Spaces 2
NumberOfUnitsTotal 6
MLS Area 110 - Dash Point/Federal Way
Lot Size Units Square Feet
Lot Size Square Feet 15648
Waterfront Y/N N
Carport Spaces 6
Carport Y/N N
Street Name 1st
Listing Terms Cash Out Conventional VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 12360
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Very Good
Public Remarks This 6 plex will be a gem in your portfolio. Solid renters with a great rental history. Some rents are near market value and a couple units could be raised with new leases. The building is complet
Leasable Area 6000
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Amenities Clubhouse Thermal Windows
Water Company Lakehaven
Units Below Grade false
Units In Building Total 6
Zoning Class Multi-Family
Water Sewer Garbage 4200
Property Style 55 - 5-9 Units
Cap Rate 5.29
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Cul-De-Sac Curbs Dead End Street Paved Sidewalk
Water Source Public
Total Parking 8
Building Area Total 6200
Street Suffix Circle
Lot Size Acres 0.3592
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Patio
Parking Uncovered Spaces 2
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Internal Only
OriginalMLSID NWM2202916
Street Number 1 34015
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* Excluded Features
List By
Troy E VanderPool

Listing Agent

Vander Pool Real Estate Llc

Broker

Affordability Calculator

$9,670
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,640
Monthly Property Taxes
$1,030
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100707 Elementary School
3100498 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2024$1,300,000 -7.14% Price Down
2/23/2024$1,399,950 Listed Price

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34015 1st Circle S, Federal Way, WA, 98003 is a Multi-Family Home for sale at $1,300,000 with 6,200 sqft and a lot size of 0.3592. 34015 1st Circle S is a studio with 0.0 baths and was built in 1979. The property's zip code is 98003 which is in Federal Way, WA