21 S 338th Place


Excellent investment opportunity in solid condition. Turnkey 4-plex in the Panther Lake complex with updated roof & double pane windows. Spacious 2 story units with 2 beds/1.5 baths, kitchen, living room, washer/dryer, fireplace. Desirable greenbelt and park-like setting. Each of the 4 units has a yard, patio & second floor deck. All units are rented with room to increase rents to market value. On site property management in place for a 5% fee. HOA dues cover water, sewer, garbage, common area + exterior bldg maintenance. One car covered parking, addl parking avail. Convenient access to new light rail coming in 2024. No sign, do not disturb tenants. Interior showing/inspections with signed PSA. Community play area, sport court near unit.

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Address:21 S 338th Place
City:Federal Way
Subdivision:Panther Lake
Square Feet:3,904
Lot Square Feet:0.238 acres
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