1636 S 333rd St, Federal Way, WA 98003

$1,230,000
3,332
SqFt

Listing courtesy of Keller Williams Realty PS.

List Price
$1,230,000
Status
ACTIVE
MLS#
1750794
Days on Market
14
Style
53 - Tri-plex
Building Condition
['Very Good']
Finished SqFt
3,332
Lot Size (sq ft)
30,000

Property Description

Amazing investment opportunity located in the heart of busy Federal Way. Just shy of 3/4 of an acre, this parcel is home to 3 spacious single family homes and a large Warehouse! Multiple investment opportunities abound with current rents at 6300/month + potential additional development opportunity (RM3600 zoning). Two of the homes were rebuilt from the ground up in 2018 boasting open layouts, new modern designs, and higher end finishes! Interior finishes boast LVP flooring, modern kitchens with Quart countertops, and so much more! Warehouse space is under-utilized and can likely bring in much higher rents with no additional investment. Rent rolls, operating costs and income available upon request! Schedule your showing today!

Additional Information

List Date
2021-03-31 00:00:00
Community
Federal Way
Property Type
MULT
Units
4
Stories
1
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
2018
Total Parking
14
Uncovered Parking
6
View
['Territorial']
Exterior
Cement Planked, Wood, Wood Products
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Gated Entry, Outbuildings, Patio, RV Parking, Shop
Lot Details
Paved Street, Value In Land
School District
Federal Way
Elementary School
Rainier View Elem
Middle School
Sequoyah Mid Sch
High School
Todd Beamer High
Total Monthly Income
$6,300
Gross Scheduled Income
$74,361
Gross Adjusted Income
$74,361
Annual Taxes
$7,532
Tax Year
2020
Insurance Expense
$3,185
Total Expenses
$23,199
Net Operating Income
$51,161
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
4
Unit 1 Baths
2.00
Unit 1 Size
1608
Unit 1 Rent
$2,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
624
Unit 2 Rent
$1,800
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Size
1100
Unit 3 Rent
$1,650
Unit 4 Size
2500
Unit 4 Rent
$650
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