$ 1,995,000
22805 30th AVE S Des Moines, WA 98198
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Listed by Paragon Real Estate Advisors
$ 1,995,000
Est. payment /mo
Active
22805 30th AVE S Des Moines, WA 98198
14 Beds
11 Baths
7,300 SqFt
UPDATED:
11/14/2024 04:16 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,300 sqft
Price per Sqft $273
Subdivision Des Moines
MLS Listing ID 2289656
Style 56 - 10+ Units
Bedrooms 14
Year Built 1968
Annual Tax Amount $21,656
Lot Size 0.386 Acres
Property 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.
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Fireplace false
Exterior
Exterior Feature Brick, Wood
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Highline
Others
Senior Community No
Acceptable Financing Assumable, Cash Out, Conventional
Listing Terms Assumable, Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.