34025 1st Pl S, Federal Way, WA 98003, USA



Cory Thompson

  • Fourplex

  • 4 Bedrooms

  • 4 Bathrooms

  • 2,784 sqft

  • Lot 10,278

  • Built 1979

  • Turn Key Investment property

    Homebids Bid online at usahomebids.net. Starting Bid $495,000

    Buyers and agents can bid online anytime from the beginning to the end of Homebids!

    Once the seller will accept the winning bid everything follows just like in any regular sale, the buyer will go in escrow with all buyer’s contingencies and inspections time frame. For more information contact Listing Agent!


    Open house dates: Open houses are currently not allowed in Washington.

    Buyer’s Premium 3% (built in the sales price). Buyer’s premium will be added on top of the winning bid which shall establish the final sales price. Highest Bid + Buyer’s Premium = Sales Price!

    The winning Bidder shall provide a purchase contract within 24 hours from the time of acceptance of the winning bid by the seller. If the buyer will not provide the purchase contract within the time frame specified above, the seller reserves the right to accept other offers!

    Notice to winning Bidder If you are one of the bidders selected by the seller to submit a purchase contract at the end of the bidding process and back out without submitting a purchase contract, you may be liable for a $500 withdrawal penalty fee charged to the credit card you provided for identity verification. If you did not provide us with a credit card, we may invoice you for that amount.

    For information on how to get approved and bid online Click Here!

    Property remarks

    Turn key investment property! Each unit has been rented consecutively since owners purchased in 2017. Rents have not been raised in over 1 year due to Covid-19 and all tenants are 100% current on rent payments. Rents are 20% under market. Roof replaced last year and 3 units updated in past 5 years. Windows upgraded to double-pane. HOA pays insurance. Owner pays for NO utilities.

    Great neighborhood, conveniently located near I-5, Schools, Shopping, Restaurants and Parks. Professional management company takes care of maintenance, leasing, books and rent collection. Perfect for out of area or even out-of-state investors looking to be hands off. Upper units have large private decks. Turn Key!

    Panther Lake is a very desirable location with VERY low vacancy rates and an excellent property manager that communicates with the owners consistently, when necessary, and makes sure the rent is always collected on time. No dealing with tenants or looking for new ones. They stay on top of the current market and recommend rent rates based on market analysis.


    Seller is a licensed agent.

    Contact information

    Cory Thompson

    Auto Bid Option – You can bid the maximum you are willing to offer for this property. The system is designed to raise your bid in increments only as high as necessary to overbid others and only up to your maximum. Example: If current bid is $100,000 and you bid $150,000, you will become the highest bidder, but the system will raise currnet bid only to $101,000. If someone bids $102,000, the system will automatically increase your bid to $103,000 and keep you the highest bidder. If someone places a higher bid, say $120,000, the system will automatically increase your bid to $121,000 and so on. However, if someone places a bid of $151,000 or greater, they will overbid your maximum and become the highest bidder as the system will no longer increase your bid. The system will notify you of all changes via email.

    Auto Bid Increment – For this property is $1,000

    Bidding Auto Extend – If someone bids within 5 minutes till the end, the system will automatically extend the bidding time by 10 minutes in order to give other parcticipants a chance to respond.

    Attention Winning Bidders! – If You Are The Winning Bidder: Please have your agent submit a signed purchase agreement to the seller within the time specified in “sale terms and conditions” (please see the posting details). If you do not have an agent, please Contact Us.

    Information deemed reliable but not guaranteed and subject to change without notice!