Water Views
Listing Provided Courtesy Of:
The Preview Group and NWMLS
28426 16th Avenue S # 1-6 Federal Way, WA
$ 1,900,000
Property Attributes
  • ID#1752961
  • TypePending
  • CountyKING
  • CityFederal Way
  • AreaDes Moines-Redon
  • NeighborhoodRedondo
  • Zip98003
  • Style5-9 Units
  • Year Built1978
  • Taxes$ 10560
  • Price$ 1,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7776
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
The Preview Group and NWMLS
Data Source:
Property Description

Cap is 4.87%.Pro Forma = 6% Exceptional Opportunity! 6-unit deluxe condo building. All units = 1224 SF 2 Bed 1.5 Bth, fireplace. This is a unique opportunity to own the building, rent out or sell units individually. The HOA is already set up, the 6 tax parcels split, and all the work is done. This exceptional building above Redondo with Puget Sound views from upper floors. Completely remodeled with customized cabinets, all stainless-steel appliances, slab granite counters and cherry hardwood floors, travertine, natural stone tile and cushy carpet in the bedrooms. Main bath is over-sized with a deep soaking tub. This is basically a turnkey building of condominiums at a volume discount price! DONT BOTHER OCCUPANTS. Sq Ftg per old appraisal.

Price History
4/7/2021 Listed $1,800,000

General Features

Amenities Thermal Windows
Buildingareaunits Square Feet
Carport Spaces 6
Carport Y/N No
City Federal Way
Co-Listing Agent Brad Vogel
County King
Directions GPS or Exit I-5 at 272nd Str. Go West on 272nd, then left on Intl Blvd. Right on 288th Str. which turns into 16th Ave. Soft right turn 1/4 mile down road. Park in front use lobby, park in back unit 6
Electric Expense 253
Energy Efficient Thermal Windows
Exterior Features Wood Products
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
High School District Federal Way
Insuranceexpense 1647
Interior Features Ceramic Tile, Laminate
Leasable Area 7344
Listing Agent Name Jeff Snow
MLS Area 120 - Des Moines/Redon
Netoperatingincome 95192
New Construction No
Nwm Watersewergarbage 4058
Open Parking Spaces 6
Possession Closing, Tenant's Rights
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Very Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 16th
Structure Type Multi Family
Subdivision Name Redondo
Tax Annual Amount 10560
Tax Year 2019
Terms Cash Out, Conventional
Total Units 6
Unit Number 1-6
Units Below Grade true
Units In Building Total 6
Utilities High Speed Internet, Sewer Connected, Electricity Available
View Mountain(s), Sound, Strait, Territorial
Virtual Tour https://my.matterport.com/show/?m=2fLYWMgLjgr&mls=1
Year Built 1978

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Livingareaunits Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 7776
Irrigation Water Rights Y/N No
Lot Features Dead End Street, Paved
Lot Size Acres 0.3383
Lot Size Square Feet 14736
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 6
Site Features Deck, High Speed Internet
Total Parking 12
View Y/N Yes
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98003

AVG $570K
AVG $3,891
AVG 69
Year Built
AVG 1985
AVG 39
Data Provided by Walkscore ® not using MLS data

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