22415 30th Ave S

    Des Moines, WA 98198
    • $2,245,000
    • STATUS: Pending
    • ON SITE: 55 days
    • ID#: 1334850
    Under Contract
    UPDATED: 77 min ago
    $2,245,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,100
      SQFT
    • $277
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of The Foundation Group Llc.

    Description

    List price reduced - New Cap rate at 5.75%. Completely renovated 12-unit building - includes new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot. Current rents are rising substantially and South King County markets have not peaked. This stabilized building is a great candidate for a 1031 exchange buyer.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-19T22:16:43.92.

    www.homesonthesound.com/homes/85955122

    22415 30th Ave S Des Moines, WA 98198

    • Price: $2,245,000
    • Status: Pending
    • Updated: 77 min ago
    • ID#: 1334850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    8,100
    SQFT
    $277
    $/SQFT
    1961
    Built
    Neighborhood:
    Des Moines
    County:
    King
    Area:
    D.Moines/Redondo
    School District:
    Highline
    Property Description
    List price reduced - New Cap rate at 5.75%. Completely renovated 12-unit building - includes new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot. Current rents are rising substantially and South King County markets have not peaked. This stabilized building is a great candidate for a 1031 exchange buyer.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Exterior Brick Foundation Concrete Block Garage Spaces 0 Roof Flat Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 12 Uncovered Spaces 12

    Interior Features

    Floor Covering Laminate Hardwood Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 720 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 504 Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 720 Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 720 Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 720 Unit6 Bathrooms 1.00 Unit6 Bedrooms 1 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 504 Units Below Grade Y

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 5.75 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 170886 Gross Rent Multiplier 12 Gross Scheduled Income 179880 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2950 Leased Items None Net Operating Income 129280 New Construction YN No Other Expenses 0 Possession Closing Power Company Puget Sound Energy Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Midway Sewer Site Features Cable TVFenced-PartiallyPatio Tax Amount 13000 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 53414 Total Expenses TEX 53414 Total Monthly Income 15974 Unit1 Monthly Rent 1295 Unit2 Monthly Rent 1045 Unit3 Monthly Rent 1345 Unit4 Monthly Rent 1295 Unit5 Monthly Rent 1395 Unit6 Monthly Rent 995 Vacancy Rate 5 Water Company Highline Water District Water Sewer Garbage 12630 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Homes on the Sound and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-19T22:16:43.92.

     
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