Federal Way Four Plex: 4 1BR units, with fireplace, washer/dryer, galley kitchen, deck and parking. The Panther Lake complex is a collection of 4 plex units all run by the Panther Lake HOA and property management. Great rental income, the vacancy rate is very low, management fee is only 5% and the HOA takes care of the grounds, utility and general maintenance. Freshly painted exterior, 50 year roof. Unit A totally renovated from studs out! All units filled with contented tenants. The charm is that each unit looks out over the woods towards the lake. Cool shade! Great location with easy access. Profit and loss statement available! Photos available of the new unit.