Property Details

34007 1st Circle S

Federal Way, WA 98003

$1,345,000

Off Market

CBA# 704510 courtesy of CBA Listing firm: Northmarq Multifamily LLC

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Commercial

Property Type

5,400

Bldg Sq Ft

Units

1979

Year Built

Property Overview

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