KW Mountains To Sound Realty
Alex Augustyn, KW Mountains To Sound RealtyPhone: (253) 266-4917
Email: [email protected]
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listing
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Listing Provided Courtesy of Paragon Real Estate Advisors
Residential IncomeFor Sale
$1,995,000
22805 30th Avenue S
Des Moines, WA 98198
Listing Provided by: NWMLS
Est. Mortgage
$10,398/mo

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.

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