22805 30th Avenue S, Des Moines, WA 98198
Contact Triwood Realty
Schedule A Showing
Request more information
- MLS#: NWM2289656 ( Residential Income )
- Street Address: 22805 30th Avenue S
- Viewed: 1
- 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
-
DescriptionThis 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 Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- None
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Brick
- Wood
Garage Spaces
- 0.00
Heating
- Radiant
Insurance Expense
- 5269.00
Living Area
- 0.00
Area Major
- 120 - Des Moines/Redondo
Net Operating Income
- 116498.00
Open Parking Spaces
- 13.00
Other Expense
- 25005.00
Parcel Number
- 2500600198
Possession
- Closing
Property Type
- Residential Income
Roof
- Flat
Sewer
- Sewer Connected
Tax Year
- 2024
Year Built
- 1968