22805 30th Avenue S

Des Moines, WA 98198

  • Bed

  • Bath

  • 7300 SqFt

  • 11 DOM

  • Built: 1968

  • Status: Sold

$1,725,000

X

22805 30th Avenue S

Des Moines 98198

Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold

$1725000

  • Bed

  • Bath

  • 7300 SqFt

  • 11 DOM

  • Built: 1968

  • Status: Sold

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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