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
- Date ListedSeptember 13, 2024
- Sewer InformationSewer Connected
- Style56 - 10+ Units
- Exterior MaterialsBrick, Wood
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- SubdivisionDes Moines
- Original List Price$1,995,000
- School DistrictHighline
- Taxes Annual$21,656
- MLS #2289656
- Cost1995000
- MLS #2289656
- Acres0.3859
- Square Feet7300
- Year Built1968
- CountyKing
- Days on Market (Cumulative)101
- Stories3
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:16:18. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
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.
