31228 28th Avenue S
Federal Way, Washington WA 98003-5007
Price: $1,200,000
Listing ID 1757212 Status Pending 2 Bedrooms 1 Full Baths 1,150 SqFt 0.947 Acres

Property Description:

Rare investor opportunity for condominium, multifamily, and/or commercial development situated in desirable King County location within walking distance to mass transit. With Steel Lake Park and Truman Highschool as neighbors and easy freeway access, this property has massive income potential. Site infrastructure is underway for Sound Transit in the back of the property. This property also provides immediate income with two single-family houses that transferred so you can collect income while preparing for the development of the highest and best use. Make this investment shine by developing it to its highest potential! This rare opportunity won't last long so start planning and submit your offer today.

Primary Features

County: King
Property Sub Type: Residential
Property Type: Residential
Subdivision: Steel Lake
Year Built: 1943

Interior

Appliances: Refrigerator, Stove/Range
Bathrooms: 1
Baths Full Main: 1
Bedrooms Possible: 2
Building Area Units: Square Feet
Calculated Square Footage: 1150
Flooring: Vinyl, Carpet
Furnished: Unfurnished
Heating Cooling Type: Baseboard
Interior Features: Wall to Wall Carpet, Water Heater
Levels: One
Living Area: 1150
Living Area Units: Square Feet
Main Level Bedrooms: 2
MLS Square Footage Source: KCR

External

Attached Garage: no
Covered Spaces: 1
Elevation Units: Feet
Entry Location: Main
Exterior Features: Wood
Foundation Details: See Remarks
Garage Spaces: 1
Lot Size Square Feet: 41233
Lot Size Units: Square Feet
MLS Lot Size Source: KCR
Parking Features: Detached Garage
Parking Total: 1
Roof: Composition
Sewer: Available
Structure Type: House
Style Code: 10 - 1 Story
Utilities: Electricity Available
Water Heater Location: Laundry Room
Water Heater Type: Electric
Water Source: Public

Location

Building Area Total: 1150
Country: US
Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Federal Way
Middle Or Junior School: Buyer To Verify
MLS Area Major: 110 - Dash Point/Feder
Waterfront: no
Zoning Description: RM2400
Zoning Jurisdiction: City

Additional

Building Information: Built On Lot
Bus Line Nearby: yes
Effective Year Built Source: Public Records
First Right Of Refusal: no
Mls Status: Pending
Offers: Seller intends to review offers upon receipt
Power Production Type: Electric
Preliminary Title Ordered: yes
Property Condition: Average
Year Built Effective: 1943
Virtual Tour 2: https://www.youtube.com/watch?v=t-BmhUr2wec

Financial

Appliances Included: Refrigerator, Stove/Range
Inclusions: Refrigerator, StoveRange, LeasedEquipment
Leased Equipment: None
Possession: Closing
Sale Type: MLS
Seller Disclosure: Provided
Senior Exemption: no
Special Listing Conditions: None
Tax Annual Amount: 7751
Tax Year: 2020

Zoning Info


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Pending Listing courtesy of Blue Emerald Real Estate Co.
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Contact - Listing ID 1757212

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Tracie Diemert

1027 State Ave Suite 102
Marysville, WA 98270
Phone: 425-308-6641

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