Provided by NWMLS, Listed by Paragon Real Estate Advisors

Active

22805 30th Avenue S

Des Moines WA, 98198

$1,995,000


$273.29 per sqft

Active

7,300 sqft

Multi-family

Built in 1968

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.

2289656

MLS ID

September 13, 2024

Listed

September 17, 2024

Updated

Map

22805 30th Avenue S
Des Moines WA, 98198

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiant

Exterior/Building Features

Lot Size

0.39 Acres


Exterior Features

Brick, Wood


Roof

Flat


Sewer

Sewer Connected

School Information

School District

Highline

Other Property Details

Area Name

120 - Des Moines/Redondo


Taxes

$21,656


Tax Frequency

Annually


Garage

No


Parking Total

13


View

No


County

King


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/18/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/18/2024 at 11:00 AM UTC . 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.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 9/18/2024 at 11:00 AM UTC 

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