31228 28th Avenue S Federal Way, WA 98003

2 Beds
1 Bath
1,150 Sqft
41,233 Sqft lot
0.95 Acre lot
$1,200,000 Est. $4,268 / mo.*
Status: Pending
Property Type: 10 - 1 Story
Year Built: 1943
Neighborhood: Steel Lake
Days on Website: 16

Listing courtesy of Blue Emerald Real Estate Co. 253-896-3838

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 High school 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.

Property Details and Features

Bathrooms

  • Baths Full Main: 1
  • 1 full bathroom

Property Access

  • Bus Line Nearby: true

Appliances and Equipment

  • Appliances: "Refrigerator", "Stove/Range"
  • Appliances Included: Refrigerator, Stove/Range

Bedrooms

  • Bedrooms Possible: 2
  • Bedrooms Total: 2

House

  • Building Area Total: 1150
  • Building Area Units: Square Feet
  • Building Information: Built On Lot
  • Calculated Square Footage: 1150
  • Elevation Units: Feet
  • Entry Location: Main
  • Levels: "One"
  • Living Area: 1150
  • Structure Type: "House"
  • Year Built: 1943
  • Year Built Effective: 1943

Exterior Features

  • Exterior Features: "Wood"

Floors

  • Flooring: "Vinyl", "Carpet"

Foundation

  • Foundation Details: "See Remarks"

Garage

  • Garage Spaces: 1

Heating

  • Heating Cooling Type: Baseboard
  • Water Heater Location: Laundry Room
  • Water Heater Type: Electric

Interior Features

  • Furnished: Unfurnished
  • Interior Features: "Wall to Wall Carpet", "Water Heater"

Listing

  • Senior Exemption: false

Location

  • County or Parish: King
  • Subdivision: Steel Lake

Lot

  • 0 acres
  • 41233 square feet

Miscellaneous

  • Inclusions: Refrigerator, StoveRange, LeasedEquipment

Parking

  • Covered Spaces: 1
  • Parking Features: "Detached Garage"
  • Parking Total: 1

Possession

  • Possession: "Closing"

Property

  • Property Condition: "Average"
  • Zoning Description: RM2400

Roof

  • Roof: "Composition"

Schools

  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School District: Federal Way
  • High School: Buyer To Verify

Sewer

  • Sewer: "Available"

Utilities

  • Power Production Type: "Electric"
  • Water Source: "Public"

Listings last updated on February 5, 2023 10:52AM.