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Listing Firm: Skyline Properties, Inc.: Kevin Nguyen

Bought With: Skyline Properties, Inc. : Aaron Nelson

SOLD On June 28, 2023
NWMLS # 2038539

$1,150,000

  • Sold Price
  • - Beds
  • - Baths
  • 3920 Sq.ft.

28641 16th Avenue S, Federal Way, WA 98003

Listings with the three tree icon are courtesy of NWMLS

About This Property

Located in a nice quiet area near the heart of Federal Way while harvesting the appreciation of the city! Having access near Redondo beach while being next to all the desirable conveniences makes this place easy to rent out. Each unit average $2,050 in rents with all newer signed year leases! Tenants are awesome, cooperative and enjoys their living. A new owner can have peace of mind with a steady cash-flowing investment even with today's current interest rates. Each unit offers a spacious 980 square with 2 bedrooms, 1.75 bathrooms, washer and dryer hookups, and a private balcony with a view. Put more down payment to collect higher cash on cash returns!

Buyer's Agent: Aaron Nelson • Skyline Properties, Inc.

Listed by: Kevin Nguyen • Skyline Properties, Inc.

Aris360 Last Checked: 1 Minute Ago (Jun 07, 2025 03:13 PM)

  • Source: NWMLS as Distributed by MLS Grid #2038539

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 16th
  • Zip/Postal Code: 98003
  • City: Federal Way

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$3,847 per month
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Property Features

  • County
    • Redondo
  • Community
    • 120 - Des Moines/Redondo
  • MLS Area
    • 120 - Des Moines/Redondo
  • Longitude
    • -122.313673
  • Latitude
    • 47.344044
  • Directions
    • From Hwy 99 / Pacific Ave go West on 288th which turns into 16th Ave S. Make the first left turn into Soundview Terrace. Unit E is the 5th building on the right.

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 8
  • Lot Description
    • Dead End Street,
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood Products
  • Site Description
    • Deck
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • Lakehaven
  • Building Total Area (Sq. Ft.)
    • 13733
  • Has View
    • Yes
  • View Description
    • Sound,

  • High School District
    • Federal Way
  • Jr. High School
    • Sacajawea Jnr High
  • Elementary School
    • Woodmont Elem
  • High School
    • Federal Way Snr High

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2023
  • Structure Type
    • Condominium,
  • Tax Amount
    • $8898
  • Year Built
    • 1979
  • Effective Year Built
    • 1996
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 07, 2025 03:13 PM