Southwynd Apartments

Multi-Family

1821 S 310th St, Federal WayWA 98003-0

Property Details

Location

Address
1821 S 310th St, Federal WayWA 98003-0
County
King
Submarket
CBA Federal Way
Parcels
7853600086
In Opportunity Zone
Yes

Building Size

Building Size
16,508 SF
Rentable Space
16,508 SF

Building Details

Type
 Multi-Family
Number of Buildings
3
Number of Units
20
Occupancy Type
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1963
Sprinklers
No
Parking (Total Parking, Uncovered Parking)
30 , 38
Parking Ratio
Security System
No

Land & Utilities

Land (Acres)
0.94 Acres
Land (SF)
41,160 SF
Rail Service
No
Zoning
RM1800
Lot Depth
Lot Width

Contacts

Current Listings

Property for Sale

$3,800,000
Cap Rate: 4.93%

The Southwynd Apartments located in Federal Way, Washington consists of three multifamily buildings containing 20 units in total. Southwynd sits on a corner lot and is comprised of three separate tax parcels, one of which is vacant land. The property offers a footprint of nearly an acre and has a diverse unit mix that appeals to all renter profiles. Southwynd is also in close proximity to the Federal Way Transit Center which will feature a Link Light Rail station in 2024. Being self-managed for the last 15 years, Southwynd has been meticulously maintained and provides an investor with a value-add opportunity in one of south King County’s most dynamic submarkets. Tax iD #: 7853600086

The Southwynd Apartments located in Federal Way, Washington consists of three multifamily buildings containing 20 units in total. Southwynd sits on a corner lot and is comprised of three separate tax parcels, one of which is vacant land. The property offers a footprint of nearly an acre and has a diverse unit mix that appeals to all renter profiles. Southwynd is also in close proximity to the Federal Way Transit Center which will feature a Link Light Rail station in 2024. Being self-managed for the last 15 years, Southwynd has been meticulously maintained and provides an investor with a value-add opportunity in one of south King County’s most dynamic submarkets. Tax iD #: 7853600086

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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