34007 1st CIR S, Federal Way, WA 98003
34007 1st CIR S, Federal Way, WA 98003
34007 1st CIR S, Federal Way, WA 98003
14
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Listed by:Northmarq Multifamily, LLC • Taylor Wyman
$1,250,000
Est. payment /mo
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12 Beds
6 Baths
0.41 Acres Lot
New

34007 1st CIR S Federal Way, WA 98003

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Heidi Mitchell

Heidi Mitchell

+1(206) 512-0352

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Panther Lake

MLS Listing ID 2590067

Style 55 - 5-9 Units

Bedrooms 12

HOA Fees $1,016/mo

Year Built 1979

Annual Tax Amount $14,489

Lot Size 0.413 Acres

Property Sub-Type Multi Family

Property Description

Panther Lake Apartments is a 6-unit building built in 1979, located in Federal Way. The property offers a true hands-off investment with professional management in place and HOA dues covering water, sewer, garbage, and landscaping. All units are 1,000 SF with two bedrooms, one bathroom, in-unit washer & dryers, wood-burning fireplaces, and covered parking.As part of a larger residential community, residents benefit from shared amenities including on-site management, a playground, and tennis courts. Located just 1.5 miles from I-5, the property offers convenient access to Tacoma, Seattle, and the broader Puget Sound region. Priced at $208K per unit with a cap rate of 6.7%, it presents an attractive basis.

Location

State WA

County King

Area 110 - Dash Point/Federal Way

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Athletic Court

View Y/N Yes

View Territorial

Roof Type Composition,Torch Down

Building

Lot Description Corner Lot, Dead End Street, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Panther Lake Elem

Middle Schools Federal Way Public A

High Schools Federal Way Snr High

School District Federal Way

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Heidi Mitchell

Heidi Mitchell

Broker License ID: 123016

+1(206) 512-0352

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34007 1st CIR S