Address Map
USA
Washington
King
Des Moines
98198
30th Ave
22805
W123° 42' 19.3''
N47° 23' 51.3''
S
Additional Information
Brian Platt
16910
997200
7,300 Sqft
16,810 Sqft
Vashon Vue Apartments
Des Moines
3
98101
WA
Seattle
600 University St., Ste. 2018
Property Description

The Vashon Vue Apartments. 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. The location of the Vashon Vue offers proximity to several well-regarded schools, including Midway Elementary and Mount Rainier High School, ma

For Sale

22805 30th Ave, Des Moines, Washington 98198

  • Square Footage: 8,040 Sqft
$1,995,000
Listing ID#686675
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Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 686675
Price : $1,995,000
Square Footage : 8,040 Sqft
Year Built : 1968
Status : Active
Office Name : Paragon Real Estate Advisors
Property Sub Type : Multi-family
BROKER INFO
Rene Orona
BROKER OF REAL ESTATE
BROKER OF REAL ESTATE
3380 146th PL SE Suite 300
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Paragon Real Estate Advisors