$1,250,000
Panther Lake Apartments is a 6-unit building built in 1979, located in Federal Way. All units are 1,000 SF with two bedrooms, one bathroom, in-unit washer & dryers, wood-burning fireplaces, private patios/balconies and covered parking. All new windows, sliders, exterior paint, and electrical panels in last two years. As part of a larger residential community, residents benefit from shared amenities including on-site management, a playground, and tennis courts. Located just 2 miles from the Light Rail station and 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%.
2590067
MLS
⋅
ACTIVE
Status
34007 1st Circle S, Federal Way
Listing Broker: Northmarq Multifamily, LLC; Taylor Wyman; 952-356-0100; twyman@northmarq.com
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