Tri-plex with a 6.49% Cap Rate + Owner Contract 5.5% Interest- Significant Price Improvement

2454 SW 307th St, Federal Way, WA

5 Beds

4 Baths

1 full, 3 3/4

3526 SqFt

OWNER FINANCING AVAILABLE with 20% down. Tri-plex with a 6.49% Cap Rate/ This expansive property, spanning over 3,500 SF, is ideal for a multigenerational household or anyone seeking a versatile living arrangement with 3 separate living spaces. The upper unit features 3 bdrm/1.75 bthrm, complete with all appliances, including a W/D. The 2 lower units each offer 1 bdrm/1 bthrm, also equipped with all appliances and W/D. The seller has consistently rented out each unit individually, maintaining full occupancy. This property presents a unique investment opportunity & could also serve as an excellent adult care home, a potential use the seller has previously considered. Additionally, the upper unit boasts a sound view, the backyard is fenced, & there's space for RV parking.

Property Details

Property Type Residential
Mls # 2224499
LotSize 9680 sqft
Property Subtype Multi-Family
Year Built 1966

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Ken Crotts and Company preformed beyond any expectation that my wife and I had. We were selling our home of 30 years and needing to move closer to our sons school. It was a very difficult sale given...

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08/31/2021 - Sunny Kim
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