CB
CW
OR
LDW
IDE.
CO
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DANFORTH
34017 1ST CIR SFederal Way, WA 98003
FEDERAL WAY - 4 UNITS
OFFICE
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
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COLDWELL BANKER COMMERCIALDANFORTH33313 1st Way S, Federal Way, WA 98003253.874.3200
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CBCWORLDWIDE.COM
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
DANFORTH
OFFERING SUMMARY
Sale Price $720,000
Number of Buildings 1
Number of Units 4
Price Per Unit $180,000
Total Sq. Ft. 4,000
Price Per Sq. Ft. $180
Current Cap Rate 4.50%
Market Cap Rate 6.45%
Year Built 1979
Parcel Number 132202-0450
Lot Size 9,937 SF
PROPERTY DESCRIPTION
Subject property consists of four large townhome-styleapartments. It is fully leased and located within Panther LakeApartments complex. Professionally managed with leasing officeon site, this offering provides an incoming buyer with a hands-offinvestment opportunity. The property is positioned across thestreet from Federal Way Library and in close proximity toshopping, retail, public transportation, etc.
PROPERTY HIGHLIGHTS:
- ALL UNITS ARE TOWNHOME-STYLE (2BR|1.5BATH)- PATIO & BALCONY IN ALL UNITS- IN-UNIT WASHER/DRYER- ON-SITE LEASING OFFICE- 4 CARPORT PARKING SPOTS
SA
LE
34017 1ST CIRCLE SFederal Way, WA 98003
CBCWORLDWIDE.COM
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
DANFORTH
SA
LE
34017 1ST CIRCLE SFederal Way, WA 98003
CBCWORLDWIDE.COM
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
DANFORTH
UNIT TYPE COUNT % TOTAL SIZE (SF) RENT RENT/SF MARKET RENT MARKET RENT/SF
2 Bed/1.5 Bath 1 25.0 1,000 $1,225 $1.23 $1,550 $1.55
2 Bed/1.5 Bath 1 25.0 1,000 $1,125 $1.13 $1,550 $1.55
2 Bed/1.5 Bath 1 25.0 1,000 $1,000 $1.00 $1,550 $1.55
2 Bed/1.5 Bath 1 25.0 1,000 $1,200 $1.20 $1,550 $1.55
Totals/Averages 4 100% 4,000 $4,550 $1.14 $6,200 $1.55
SA
LE
34017 1ST CIRCLE SFederal Way, WA 98003
INVESTMENT OVERVIEW CURRENT PROFORMA
Price $720,000 $720,000
Price per Unit $180,000 $180,000
13.34 9.68
4.50% 6.64%
GRM
CAP Rate
OPERATING DATA CURRENT PROFORMA
$59,966.13 $74,400.00
$2,350.43 $2,350.43
$56,316.56 $76,650.43
- $3,720.00
$56,316.56 $73,030.43
$23,939.91 $25,520.66
Gross Scheduled Income
Other Income
Total Scheduled Income
Vacancy Cost
Gross Income
Operating Expenses
Net Operating Income $32,376.65 $47,809.77
CBCWORLDWIDE.COM
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
DANFORTH
SA
LE
34017 1ST CIRCLE SFederal Way, WA 98003
CBCWORLDWIDE.COM
Vladimir Olyanich425 615 [email protected]
Bob Fredrickson206 595 [email protected]
DANFORTH
SA
LE
34017 1ST CIRCLE SFederal Way, WA 98003
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