Portofino Apartments

Portofino Apartments (Status: Pending)

1405, 308th St, Federal Way, WA  98003

Portofino is a hidden gem in Federal Way offering 12 units with a value-add potential, presenting a chance to maximize your returns. Enjoy the tranquility of this well-maintained property featuring spacious two-bed/two-bath apartments, in-unit washer/dryer, private patio/balcony, ample parking, and controlled access. With renovations already underway, there is a demonstrated opportunity to increase rents significantly following the completion of upgrades. Located near Federal Way’s Downtown Light Rail Station, Portofino is strategically positioned for growth with limited apartment supply in the area. Take advantage of the surge in demand and future rent growth potential, as the Federal Way/Des Moines submarket experiences an increase in residents seeking affordable housing options.

Listing Details

Asset Class: Multi-Family
Year Built: 2004
Building Total Square Feet: 11312
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: RM1800

Listing Courtesy of: Berkadia Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.