Des Moines WA Multi Family for Sale
$2,100,000
22506 7th Avenue S Des Moines, WA 98198
- Type:
- Multi-Family
- Sq.Ft.:
- 6,030
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 2299840
- Subdivision:
- Des Moines Waterfront
View additional info
Courtesy: Paragon Real Estate Advisors
206-623-8880
Ryan Iles
ADDITIONAL INFORMATION
Built in 1939 in a charming Spanish architectural style, the Vista Del Mar is prominently positioned on a 15,000 SqFt corner lot just blocks from water right in the heart of the Des Moines Marina District. The property consists of two buildings with a mix of efficient studio, one-bedroom and two-bedroom apartments. Common area amenities include off-street parking with 12+ stalls, an outdoor seating/gathering space and a common laundry room. The property also has a large garage space that is being used as a workshop and extra storage space currently. The property offers significant income upside in the current condition and value-add opportunity through renovation and repurposing of the underutilized space.
$1,995,000
22805 30th Avenue S Des Moines, WA 98198
- Type:
- Multi-Family
- Sq.Ft.:
- 7,300
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1968
- Baths:
- MLS#:
- 2289656
- Subdivision:
- Des Moines
View additional info
Courtesy: Paragon Real Estate Advisors
206-623-8880
Michael Urquhart
ADDITIONAL INFORMATION
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.
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Des Moines Real Estate
The median home value in Des Moines, WA is $597,000. This is lower than the county median home value of $793,300. The national median home value is $338,100. The average price of homes sold in Des Moines, WA is $597,000. Approximately 55.7% of Des Moines homes are owned, compared to 38.93% rented, while 5.37% are vacant. Des Moines real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Des Moines real estate agent to arrange a tour today!
Des Moines, Washington has a population of 32,631. Des Moines is less family-centric than the surrounding county with 30.24% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Des Moines, Washington is $73,131. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Des Moines is 38.6 years.
Des Moines Weather
The average high temperature in July is 76.7 degrees, with an average low temperature in January of 36.7 degrees. The average rainfall is approximately 38.9 inches per year, with 5 inches of snow per year.