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Des Moines, WA 98198,22805 30th AVE S
Des Moines, WA 98198,22805 30th AVE S
Des Moines, WA 98198,22805 30th AVE S
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Listed by Paragon Real Estate Advisors
$1,725,000
Est. payment /mo
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14 Beds
11 Baths
7,300 SqFt
New

22805 30th AVE S Des Moines, WA 98198

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Better Properties Hometown

Better Properties Hometown

+1(253) 254-3600

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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 $236

Subdivision Des Moines

MLS Listing ID 2372108

Style 56 - 10+ Units

Bedrooms 14

Year Built 1968

Annual Tax Amount $21,617

Lot Size 0.386 Acres

Property Sub-Type Multi Family

Property Description

This 11-unit building presents the opportunity to acquire an in-place 6.5% current cap rate with operational up-side to reach a 6.8% proforma cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,155,000 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 two classic and one renovated 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

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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agent

Better Properties Hometown

Designated Broker | License ID: 12879

+1(253) 254-3600

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22805 30th AVE S

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