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Listing 16 out of 62
$2,235,000 For Sale

22415 30th Ave S
Des Moines, WA 98198

12 units | Multi Family Home
16501 sq ft - MLS# 1334850 Courtesy of The Foundation Group LLC
Property Photo
1/13

Description

The Villette Apartments is the best turnkey deal on the market at a steady 6.01% cap rate. Previous buyer walked during 1031 exchange &moved forward with a different property. Appraisal came in significantly higher than list price. Appraisal is good for 6 months with the lender. Loan product prepared for the previous buyer could be assumed with ease. Completely renovated 12-unit: new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: King County
  • Zip Code: 98198
  • Year Built: 1961
  • School District: Highline
  • Sq.Ft.: 8,100 sq ft
  • Units: 12 units
  • # of Parking Spaces: 12
  • Lot Size: 16501 sq ft
  • Area: Des Moines
  • Amenities: Coin Op Laundry
  • Area Number: 120
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 1
  • Building Condition: Remodeled
  • Cap Rate - NOI div LP: 6.01
  • Energy Source(heat): Electric
  • Exterior: Brick
  • Floor Covering: Laminate Hardwood
  • Foundation: Concrete Block
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $171456
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $180480
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $2950
  • Net Operating Income: $134393
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 12
  • Power Company: Puget Sound Energy
  • Rent Unit 1: $1295
  • Rent Unit 2: $1045
  • Rent Unit 3: $1345
  • Rent Unit 4: $1345
  • Rent Unit 5: $1345
  • Rent Unit 6: $1045
  • Roof: Flat
  • Sewer Company: Midway Sewer
  • Site Features: Cable TV, Fenced-Partially, Patio
  • Square Feet Unit 1: 720
  • Square Feet Unit 2: 504
  • Square Feet Unit 3: 720
  • Square Feet Unit 4: 720
  • Square Feet Unit 5: 720
  • Square Feet Unit 6: 504
  • Total Expenses: $48871, $48871
  • Total Monthly Income: $16024
  • Units Below Grade: Yes
  • Vacancy Rate: 5
  • Water Company: Highline Water District
  • Water Source: Public
  • Water/Sewer/Garbage: 12630
Courtesy of The Foundation Group LLC
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Newberry Realty, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-03-23

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