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.
Sold
Zillow last checked:
Listing updated:
Bought with:
Sam Chui, 52354
eLink Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2286969
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2024 | Sold | $1,600,000$303/sqft |
Source:  NWMLS as distributed by MLS GRID #2286969 Report a problem | ||
| 9/19/2024 | Pending sale | $1,600,000$303/sqft |
Source: NWMLS as distributed by MLS GRID #2286969 Report a problem | ||
| 9/6/2024 | Listed for sale | $1,600,000+178.3%$303/sqft |
Source: NWMLS as distributed by MLS GRID #2286969 Report a problem | ||
| 11/29/2022 | Listed for rent | $1,350+22.7% |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/20/2018 | Listing removed | $1,100 |
Source: Owner Report a problem | ||
| 1/10/2018 | Price change | $1,100-7.9% |
Source: Owner Report a problem | ||
| 12/21/2017 | Price change | $1,195-4% |
Source: Owner Report a problem | ||
| 12/10/2017 | Listed for rent | $1,245 |
Source: Owner Report a problem | ||
| 6/30/2006 | Sold | $575,000+36.9%$109/sqft |
Source: NWMLS as distributed by MLS GRID #25081346 Report a problem | ||
| 2/13/2004 | Sold | $420,000$80/sqft |
Source: NWMLS as distributed by MLS GRID #23156174 Report a problem | ||
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Estimated market value
$1,481,000
