Federal Way, WA 98003 30853 14th Avenue S
$2,995,000
12 more
Presented By: Windermere Real Estate Co. and NWMLS
- MLS# 2324874
- 01/21/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 9,612
Home Details
Welcome to the Lake Apartments in Federal Way, a portal into a classic 1958-built brick, 16 unit apartment building. This 2 story building is surrounded by grass and vegetation on a huge 31,000 square foot lot. Just off Pacific Highway, this building is a reasonable commute to the major hubs and will be close to the future Federal Way light rail stop. Groceries, restaurants, transit, and entertainment are all just blocks away. This well maintained building got a new roof in 2022 and is a smart investment with room to improve cash flow and equity. On site laundry, ample private parking, and private entry make this a property you can be proud to add to your portfolio. Assumable financing may be available for qualified buyers.
Presented By: Windermere Real Estate Co. and NWMLS
Interior Features for 30853 14th Avenue S
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 30853 14th Avenue S
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate6.2
Carport Spaces
Carport Y/NNo
CityFederal Way
CoolingNone
CountyKing
DirectionsFrom 99 South turn right on S 312th St, Right on 14th Ave S, building on Left.
Electric Expense3464.27
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictFederal Way
Insurance Expense5807
Leasable Area9420
Listing TermsAssumable, Cash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet31050
Lot Size UnitsSquare Feet
MLS Area110 – Dash Point/Federal Way
ModificationTimestamp2025-02-23T00:28:09.431Z
NWM_ShowMapLinkY
Net Operating Income185555
New ConstructionNo
Number Of Units Total16
Open Parking Spaces18
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWelcome 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
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameFederal Way
Tax Annual Amount27350.76
Tax Year2024
Units Below Gradefalse
Units In Building Total16
Water Sewer Garbage14728.31
Year Built1958
Exterior for 30853 14th Avenue S
Building Area Total9612
Covered Spaces
Exterior AmenitiesBrick
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Open Space, Sidewalk
Lot Size Acres0.7128
Parking Uncovered Spaces18
Total Parking0
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®