22707 30th Avenue S, Des Moines, WA 98198

$1,499,999

Listing courtesy of Coldwell Banker Bain.

List Price
$1,499,999
Status
ACTIVE
MLS#
2250131
Days on Market
6
Annual Tax Ammount
13838

Property Description

Seize a premier investment opportunity in Des Moines, WA! This six-unit property is located in a high-demand rental market with exceptional future growth and income potential. Its prime location near Seattle and Sea-Tac Airport ensures a steady stream of diverse tenants, from professionals to families. The property is well-maintained and move-in ready, allowing for immediate rental income. With low vacancy rates and strong rental demand, it promises consistent returns. Des Moines is poised for significant growth, making this property a smart investment choice. Don’t miss out—contact us today!

Additional Information

Community
Des Moines
Building Condition
Good
Style
61 - Comm Bldg Ovr 10K
Year Built
1962
# of Assigned Spaces
7
Roof
Torch Down
Tax Year
2023
Potential Terms
Cash Out, Conventional
Interior Features
Wall to Wall Carpet
Flooring
Vinyl, Carpet
Driving Directions
Off of Pacific Hwy So east onto 224th Street so on 30th Ave S building is on the right
Electric Expenses
821
Other Expenses
6303
Energy Source
Electric
Buyer Agency Compensation
2.5
Net Operating Income
$75,231
Gross Scheduled Income
$103,371
Water/Sewer/Garbage Expenses
$4,680
Cap Rate
7
Vacancy Rate
10
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