22805 30th Avenue S
Des Moines, WA 98198
- – beds
- – baths
- 7,300 sqft
- ~1/2 acre lot
- $273 per sqft
- 2001 build
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.
Last checked:
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Checking…
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Last updated Nov 14, 2024
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MLS# 2289656 —
The Building
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Year Built:1968
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Year Built:2001
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:Brick, Wood
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Roof:Flat
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Units In Building Total:11
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# of Units Total:11
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Stories Total:3
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Building Area Total:7300
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Building Area Units:Square Feet
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Calculated SqFt:7300
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.397586
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Longitude:-122.294535
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Directions:From downtown Seattle, take I-5 S to WA-516 W/Kent Des Moines Rd. Take exit 149 from I-5 S.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:2500600198
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Lot Size Units:Square Feet
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Lot Size Acres:0.3859
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Lot Size SqFt:16810
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Lot Size Source:King County
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View:false
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Waterfront:false
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 623-8880
- Office phone:
- (206) 623-8880
Taxes
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Tax Year:2024
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Tax Annual Amount:21656
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Radiant
Utilities
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Sewer:Sewer Connected
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Water Sewer Garbage:11151
Schools
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High School District:Highline
The Community
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Subdivision Name:Des Moines
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Senior Community:false
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Association:false
Parking
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Parking Total:13
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Parking Uncovered Spaces:13
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Open Parking:true
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Open Parking Spaces:13
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Carport:false
Listing courtesy of NWMLS / Paragon Real Estate Advisors
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/13/24
Sep 13, 2024
|
Listed / Active | NWMLS | $1,995,000 |
