30853 14th Avenue S Federal Way WA 98003 MLS #NWM2324874

Listing Provided Courtesy of Windermere Real Estate Co.
Welcome to the Lake Apartments in Federal Way, a portal into a classic 1958-built brick, 16 unit apartment building. This 2 story building is surrounded by grass and vegetation on a huge 31,000 square foot lot. Just off Pacific Highway, this building is a reasonable commute to the major hubs and will be close to the future Federal Way light rail stop. Groceries, restaurants, transit, and entertainment are all just blocks away. This well maintained building got a new roof in 2022 and is a smart investment with room to improve cash flow and equity. On site laundry, ample private parking, and private entry make this a property you can be proud to add to your portfolio. Assumable financing may be available for qualified buyers.

Property Details

Price:
$2,995,000
MLS #:
NWM2324874
Status:
Active
Beds:
0
Baths:
0
Address:
30853 14th Avenue S
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Federal Way
Neighborhood:
110 – Dash Point/Federal Way
City:
Federal Way
Listed Date:
Jan 22, 2025
State:
WA
Finished Sq Ft:
9,612
Total Sq Ft:
9,612
ZIP:
98003
Lot Size:
31,050 sqft / 0.71 acres (approx)
Year Built:
1958
Units:
16

Schools

School District:
Federal Way

Interior

Cooling
None
Heating
Baseboard

Exterior

Exterior Features
Brick
Roof
Flat

Financial

Net Operating Income
$185,555
Tax Year
2024
Taxes
$27,351

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30853 14th Avenue S
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