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    22805 30th Avenue S, Des Moines, WA 98198
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    22805 30th Avenue S
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    • MLS#: NWM2289656 ( Residential Income )
    • Street Address: 22805 30th Avenue S
    • Viewed: 2
    • Price: $1,995,000
    • Price sqft: $273
    • Waterfront: No
    • Year Built: 1968
    • Bldg sqft: 7300
    • Additional Information
    • Geolocation: 47.3976 / -122.295
    • County: KING
    • City: Des Moines
    • Zipcode: 98198
    • Subdivision: Des Moines
    • Provided by: Paragon Real Estate Advisors
    • Contact: Michael Urquhart
    • 206-623-8880
    • DMCA Notice
    • 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.
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    Features
    Home Owners Association Fee
    1. 0.00
    Carport Spaces
    1. 0.00
    Close Date
    1. 0000-00-00
    Cooling
    1. None
    Country
    1. US
    Covered Spaces
    1. 0.00
    Exterior Features
    1. Brick
    2. Wood
    Garage Spaces
    1. 0.00
    Heating
    1. Radiant
    Insurance Expense
    1. 5269.00
    Living Area
    1. 0.00
    Area Major
    1. 120 - Des Moines/Redondo
    Net Operating Income
    1. 116498.00
    Open Parking Spaces
    1. 13.00
    Other Expense
    1. 25005.00
    Parcel Number
    1. 2500600198
    Possession
    1. Closing
    Property Type
    1. Residential Income
    Roof
    1. Flat
    Sewer
    1. Sewer Connected
    Tax Year
    1. 2024
    Year Built
    1. 1968
    1. Making A Difference In How You Live!