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
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Kennedy E. Akinlosotu (#NWM65282)
Listing Office: Nations Realty, LLC (#NWM1142)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
