22805 30th Avenue S
Des Moines, WA 98198
7300 sqft | 0.39 acres | #2289656
Description
This 11-unit building presents the opportunity to acquire an in-place 5.8% current cap rate with operational up-side to reach a 6.7% market cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,170,000 at a 5% interest rate fixed until January 2031. The Vashon Vue consists of four classic and four renovated 1-bedroom/1-bathroom units, each 620 square feet, along with three 2-bedroom/1-bathroom units, each 780 square feet. The renovated units feature LVP flooring, formica countertops, stainless steel appliances, and a tasteful vanity package for the bathrooms.
Property Details
- Exterior MaterialsBrick, Wood
- Stories3
Measurements
- Acres0.3859
- Square Feet7300
Construction Details
- Style56 - 10+ Units
- Property TypeMulti-Family
Condition
- Year Built1968
Utilities / Energy Details
- Sewer InformationSewer Connected
Community and Neighborhood Details
- SubdivisionDes Moines
Location
- School DistrictHighline
- CountyKing
Financial Details
- Original List Price$1,995,000
- Taxes Annual$21,656
- Days on Market (Cumulative)6
Other
- MLS #2289656
Legal
Disclaimer: The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - 21 - WA and should be verified by the buyer.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Michael Urquhart (#NWM120656)
Listing Office: Paragon Real Estate Advisors (#NWM7086)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
