22805 30th Avenue S Des Moines, WA 98198
22805 30th Avenue S
Des Moines, WA 98198
$1,725,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Pending
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.
Property Features
Community: Des Moines
10+ Units
Exterior: Brick
Exterior: Wood
Roof: Flat
Year Built: 1968
2025 Taxes: $21617.00
Buyer Broker Compensation: 2.25
Listing #: 2372108
Lot Details
Lot Size: 0.39 acres
No. of Units: 11
Interior
Cooling: None
Heating: Radiant
Electric
Schools
District: Highline
Call or Email:
Grace Wamwere
What's Near 22805 30th Avenue S Des Moines, WA 98198?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Paragon Real Estate Advisors
