Rarely available townhome-style 4-plex in the professionally managed Panther Lake community, offering some of the largest floor plans in the complex. Each two-level unit features 2 bedrooms, 1.5 baths, and approx 1,009 SF per builder/management. The main floor offers a living room with wood-burning fireplace, separate dining room, kitchen, half bath, and in-unit washer/dryer; upstairs are two bedrooms with double closets and a full bath. Two private decks per unit. Current rents $1,600-$1,850 with upside toward the $1,895 market rate for this plan. Four carport spaces plus additional parking. HOA dues cover water, sewer, garbage, exterior maintenance, and grounds, and tenants reimburse $158/month per unit for water/sewer/garbage plus pay their own electric. Required on-site management (5%) makes ownership hands-off for local or out-of-area investors. Owner-occupants may qualify for FHA/VA financing. Community playground and sport court. Minutes to I-5, Hwy 18, shopping, and the Federal Way light rail station. Priced below the most recent sale of an identical floor plan in the community. Seller intends to complete a 1031 exchange; buyer to cooperate at no cost or liability to buyer.
| MLS # | 2593882 |
|---|---|
| Listing Type | For Sale |
| Building Name | Campus View Div. III |
| HOA Dues | $677 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 31 |
| Listing Provided By | Better Properties N. Proctor | Leo Zhuk |
| SQ Feet | 4,036 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.24 |
| Property | 10346 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Todd Beamer High |
| Elementary School | Panther Lake Elem |
| High School | Todd Beamer High |
| Listing VS Median (in Panther Lake) | |
Price: $959,500 low | high Med: $899,950 sqft: 4,036 low | high Med: 3,056 $ / sqft: $238 low | high Med: $294 On site: 31 low | high Med: 225 | |
| State | WA |
|---|---|
| County | King |
| City | Federal Way |
| Zip Code | 98003 |
| Area | 110 Dash Point | Federal Way |
| Community Name | Panther Lake |
| School District | Todd Beamer High |
| Elementary School | Panther Lake Elem |
| High School | Todd Beamer High |
| Listing VS Median (in Panther Lake) | |
Price: $959,500 low | high Med: $899,950 sqft: 4,036 low | high Med: 3,056 $ / sqft: $238 low | high Med: $294 On site: 31 low | high Med: 225 | |