$1,995,000
For Sale

22805 30th Avenue S

Des Moines, WA 98198
7300 sqft | 0.39 acres | #2289656
Listing OfficeParagon Real Estate Advisors
Browse 26 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

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
      • Exterior MaterialsBrick, Wood
      • Stories3
    • Measurements
      • Acres0.3859
      • Square Feet7300
  • Construction Details
      • Style56 - 10+ Units
      • Property TypeMulti-Family
    • Condition
      • Year Built1968
  • Utilities / Energy Details
      • Sewer InformationSewer Connected
  • Community and Neighborhood Details
      • SubdivisionDes Moines
    • Location
      • School DistrictHighline
      • CountyKing
  • Financial Details
      • Original List Price$1,995,000
      • Taxes Annual$21,656
      • Days on Market (Cumulative)48
  • Other
      • MLS #2289656
Melissa McMurrayReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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