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28426 16th Avenue S

Federal Way, WA 98003
  • $1,900,000
  • STATUS: Pending
  • ON SITE: 65 days
  • ID#: 1752961
Under Contract
UPDATED: 70 min ago
$1,900,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

School District:
Listing Courtesy of The Preview Group.

Description

Cap is 4.87%.Pro Forma = 6% Exceptional Opportunity! 6-unit deluxe condo building. All units = 1224 SF 2 Bed 1.5 Bth, fireplace. This is a unique opportunity to own the building, rent out or sell units individually. The HOA is already set up, the 6 tax parcels split, and all the work is done. This exceptional building above Redondo with Puget Sound views from upper floors. Completely remodeled with customized cabinets, all stainless-steel appliances, slab granite counters and cherry hardwood floors, travertine, natural stone tile and cushy carpet in the bedrooms. Main bath is over-sized with a deep soaking tub. This is basically a turnkey building of condominiums at a volume discount price! DONT BOTHER OCCUPANTS. Sq Ftg per old appraisal.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T20:14:09.607.

www.robinettgroup.com/homes/115851290
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28426 16th Avenue S Federal Way, WA 98003

  • Price: $1,900,000
  • Status: Pending
  • Updated: 70 min ago
  • ID#: 1752961
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1978
Built
Neighborhood:
Redondo
County:
King
Area:
D.Moines/Redondo
School District:
Federal Way
Property Description
Cap is 4.87%.Pro Forma = 6% Exceptional Opportunity! 6-unit deluxe condo building. All units = 1224 SF 2 Bed 1.5 Bth, fireplace. This is a unique opportunity to own the building, rent out or sell units individually. The HOA is already set up, the 6 tax parcels split, and all the work is done. This exceptional building above Redondo with Puget Sound views from upper floors. Completely remodeled with customized cabinets, all stainless-steel appliances, slab granite counters and cherry hardwood floors, travertine, natural stone tile and cushy carpet in the bedrooms. Main bath is over-sized with a deep soaking tub. This is basically a turnkey building of condominiums at a volume discount price! DONT BOTHER OCCUPANTS. Sq Ftg per old appraisal.
Exterior Features

Carport Spaces 6 Carport YN No Covered Spaces 0 Exterior Features Wood Products Lot Features Dead End StreetPaved Open Parking Spaces 6 Open Parking YN Yes Parking Total 12 Parking Uncovered Spaces 6 Roof Composition Structure Type Multi Family Style Code 55 - 5-9 Units View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring Ceramic TileLaminateVinylCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Ceramic TileLaminate

Property Features

Electric Expense 253 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 117600 Insurance Expense 1647 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 95192 New Construction YN No Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckHigh Speed Internet Special Listing Conditions None Tax Annual Amount 10560 Tax Year 2019 Total Expenses 16528 Units In Building Total 6 Utilities High Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 4058 Water Source Public

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Robinett Group | Compass Washington/Seattle and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Robinett Group | Compass Washington/Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T20:14:09.607.

 
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The Robinett Group | Compass Washington/Seattle
2033 6th Ave Suite 600
Seattle WA, 98021
Listing Courtesy of The Preview Group.