31224 28th Avenue S, Federal Way, WA 98003

WA, Federal Way
$1,200,000
  • 2,540 Sqft
  • Residential Income Property Type
  • 1961 Year Built
  • Closed Status
Property Description

New Prime opportunity in city of Federal Way! 2 rental houses located in desirable busy Downtown w/ 3 parcels totaling .95 acre (41,236 sf) zoned RM2400 Multifamily.Great opportunity to collect rents while you develop this flat, dry land, access w/ all utilities connected (water, sewer, electricity) gas in street. Immediate access to I-5, HOV on/off ramps & conveniently close to Hwy 167, 18 w/ walking distance to shopping, FW mall, Steel Lake, restaurants & most importantly the new Sound Transit Light rail & bus station This is a remarkable opportunity, allowable usages include zero lot line townhouses, multifamily dwelling stack units, senior housing & more!This site receives good exposure with 157′ of frontage on 28th Ave. & backs to I-5.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2196735
  • Price: $1,200,000
  • View: Mountain(s),Territorial
  • Square Footage: 2,540 Sqft
  • Year Built: 1961
  • Lot Area: 0.95 Acre
  • Status: Closed
  • Office Name: John L. Scott R.E. Lake Tapps
  • Agent Name: Doug E. Stokes
  • Property Sub Type: Multi-Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood Products
  • Flooring Carpet, Vinyl
  • Interior Features Wall to Wall Carpet
  • Sewer Available
Address Map
  • Country US
  • State WA
  • County King
  • City Federal Way
  • Zipcode 98003
  • Street: 28th
  • Street Number: 31224
  • Street Suffix: Avenue
  • Longitude: W123° 42' 10.6''
  • Latitude: N47° 19' 16.5''
  • Directions: From I-5 North, Take 320th Street exit, Right onto 320th St., Right onto Gateway Ctr Blvd, Right on 28th Ave S, follow thru round about past HOV I-5 entrance, Right on 28th Ave. Property down on Right
  • Mls Area Major: 110 - Dash Point/Federal Way
  • Street Dir Suffix: S
Neighborhood
  • High School District: Federal Way
Additional Information
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Multi-Family,See Remarks
  • On Market Date: 2024-02-05
  • Number Of Units Total: 2
  • Lot Features: Paved, Open Space, Value In Land
  • Foundation Details: Block
Financial
  • Tax Annual Amount: 9150.9
Listing Information
  • List Agent Mls Id: 24533
  • List Office Mls Id: 911
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2024-09-05T12:48:18Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-06-14T20:48:52Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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