22805 30 Ave Des Moines, WA 98198
11-Unit Apartment Building, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 11-unit multifamily property in Des Moines, WA.
- 7,300 square feet on a 16,810 square foot lot, built in 1968, renovated in 2001.
- Unit mix: four one-bedroom/one-bathroom, four renovated one-bedroom/one-bathroom, and three two-bedroom/one-bathroom units.
- 13 parking spaces, PR-C zoning.
- Current 5.84% cap rate, $116,498 NOI; pro-forma 6.67% cap rate, $133,026 NOI.
- Asking price: $1,995,000 ($181,364 per unit, $273.29 per square foot).
Property Details for 22805 30 Ave
- Property type
- Apartment buildings
- Square Feet
- 7,300 SF
- Class
- C
- Year Built/Renovated
- 1968/2001
- Buildings
- 1
- Stories
- 2
- Units
- 11
Location Insight
- City
- Des Moines
- County
- King
- State
- Washington
- Latitude
- 47.3975572
- Longitude
- -122.2945893
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 11-Unit Apartment Building, Value-Add Opportunity
- Where is the apartment building located?
- The property is located at 22805 30 Ave Des Moines, WA.
- What is the asking price?
- The asking price for this property is $1,995,000.
- What are key features of this property?
- This property features: 11-unit multifamily property in Des Moines, WA.; 7,300 square feet on a 16,810 square foot lot, built in 1968, renovated in 2001.; Unit mix: four one-bedroom/one-bathroom, four renovated one-bedroom/one-bathroom, and three two-bedroom/one-bathroom units.
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