Se Connecter/S’inscrire
Votre courriel a été envoyé.
Soundview II Apartments 28426 16th Ave S 6 Unité Immeuble d’appartements 2 340 101 $ CAD (390 017 $ CAD/Unité) 5,89% Taux de capitalisation Federal Way, WA 98003
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Condo-Scale Layouts
- Clear Value-Add Runway
- Differentiated Unit Features
- Affordability Advantage Over Seattle
- Light Rail at the Doorstep
Résumé de l'annonce
Soundview II Apartments is a six-unit, condo-style multifamily asset nestled in Federal Way's Redondo neighborhood — a quiet, amenity-rich pocket of the city with direct access to Redondo Beach Park, Dash Point State Park, and I-5. The December 2025 opening of the Federal Way Link Extension places residents just minutes from Downtown Seattle and Seattle-Tacoma International Airport via light rail while preserving the affordability and quality of life that define Federal Way's appeal.
With effective rents running $300–$500/month below Seattle's average, Federal Way continues to attract cost-conscious renters priced out of the urban core. With development moratoriums limiting new supply, demand has nowhere to go but into existing, well-located properties like Soundview II, making this an incredible opportunity for investors.
The property has no deferred maintenance, with all units featuring fireplaces, private west-facing balconies with partial Puget Sound views, and in-unit washers and dryers. All that is missing is the finishing touches with a targeted value-add program, such as new countertops, cabinetry, and fixtures. This means incoming ownership can capture meaningful rent premiums in a submarket where income growth is accelerating, and renter demand remains structurally undersupplied.
- Large two-bedroom, 1.5-bath floorplans averaging 1,170 square feet appeal to long-term renters seeking space, driving lower turnover and stable occupancy.
- Effective rents run $300-$500/month below Seattle averages, drawing cost-conscious renters seeking quality housing without the urban price premium.
- Historically self-managed with no deferred maintenance, Soundview II Apartments offers immediate upside through professional management and a targeted renovation program to include new countertops, cabinetry, and fixtures to capture rent premiums.
- The December 2025 Federal Way Link Extension connects residents directly to Downtown Seattle and Seattle-Tacoma International Airport, a significant demand driver for the submarket.
- Every unit includes a fireplace, private west-facing balcony with partial Puget Sound views, in-unit full-size washers and dryers, LVP flooring, and stainless-steel appliances, a rare amenity package at this price point.
With effective rents running $300–$500/month below Seattle's average, Federal Way continues to attract cost-conscious renters priced out of the urban core. With development moratoriums limiting new supply, demand has nowhere to go but into existing, well-located properties like Soundview II, making this an incredible opportunity for investors.
The property has no deferred maintenance, with all units featuring fireplaces, private west-facing balconies with partial Puget Sound views, and in-unit washers and dryers. All that is missing is the finishing touches with a targeted value-add program, such as new countertops, cabinetry, and fixtures. This means incoming ownership can capture meaningful rent premiums in a submarket where income growth is accelerating, and renter demand remains structurally undersupplied.
- Large two-bedroom, 1.5-bath floorplans averaging 1,170 square feet appeal to long-term renters seeking space, driving lower turnover and stable occupancy.
- Effective rents run $300-$500/month below Seattle averages, drawing cost-conscious renters seeking quality housing without the urban price premium.
- Historically self-managed with no deferred maintenance, Soundview II Apartments offers immediate upside through professional management and a targeted renovation program to include new countertops, cabinetry, and fixtures to capture rent premiums.
- The December 2025 Federal Way Link Extension connects residents directly to Downtown Seattle and Seattle-Tacoma International Airport, a significant demand driver for the submarket.
- Every unit includes a fireplace, private west-facing balcony with partial Puget Sound views, in-unit full-size washers and dryers, LVP flooring, and stainless-steel appliances, a rare amenity package at this price point.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
Faits sur la propriété
| Prix | 2 340 101 $ CAD | Classe d’immeuble | C |
| Prix par unité | 390 017 $ CAD | Taille du lot | 0,33 AC |
| Type de vente | Investissement | Taille du bâtiment | 7 023 pi² |
| Taux de capitalisation | 5,89% | Occupation moyenne | 95% |
| Nombre d’unités | 6 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1978 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,71/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | RM1800 | ||
| Prix | 2 340 101 $ CAD |
| Prix par unité | 390 017 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,89% |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,33 AC |
| Taille du bâtiment | 7 023 pi² |
| Occupation moyenne | 95% |
| Nombre d’étages | 3 |
| Année de construction | 1978 |
| Ratio de stationnement | 1,71/1 000 pi² |
| Zonage | RM1800 |
Commodités
Commodités des unités
- Balcon
- Lave-vaisselle
- Foyer
- Laveuse/Sécheuse
- Électroménagers en acier inoxydable
- Vues
- Terrasse
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1.5 | 6 | - | 1 300 |
1 1
Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Assez praticable en vélo
30/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 517 214 $ CAD | |
| Évaluation du terrain | 313 574 $ CAD | Évaluation totale | 1 830 788 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
313 574 $ CAD
Évaluation des bâtiments
1 517 214 $ CAD
Évaluation totale
1 830 788 $ CAD
Contacts
-
Chad Blenz -
Brandon Lawler -
Mitchell Belcher -
Steven Chattin -
Jay Timpani -
Berkadia
1 de 17
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Soundview II Apartments | 28426 16th Ave S
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.