22506 7th Ave S | Des Moines, WA 98198
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- LoopNet Team
22506 7th Ave S
Des Moines, WA 98198
Vista Del Mar Bungalows · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Great Des Moines location near the Marina
- Significant upside in current rent/income
- Large 2 car garage and shop/storage space that could be rented and repurposed
- Value-add opportunity
- 13 units: (4) two-bedroom/one-bath, (4) one-bedroom and (5) studio units
- Off-street parking: 12+ stalls
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 6,030 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1939 |
| Building Class | C | Parking Ratio | 2.49/1,000 SF |
| Zoning | DC | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,030 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | DC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $772.50 | 375 |
| 1+1 | 4 | $1,180 | 450 |
| 2+1 | 4 | $1,518 | 625 |
PROPERTY TAXES
| Parcel Number | 200660-0360 | Improvements Assessment | $1,357,000 |
| Land Assessment | $345,000 | Total Assessment | $1,702,000 |
PROPERTY TAXES
Parcel Number
200660-0360
Land Assessment
$345,000
Improvements Assessment
$1,357,000
Total Assessment
$1,702,000
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