22707 30Th AveDes Moines, WA 98198
- Residential income properties
- 4,852 SF
Property Details for 22707 30Th Ave
- Year built
- 1962
- Lot size
- 0.37 AC
- Property size (Sq ft)
- 4,852 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a six-unit apartment building located at 22707 30th Ave S, Des Moines, WA 98198, in King County. The property, known as J & R Apartments, boasts a total of 4,852 square feet and sits on a 0.37-acre lot. Built in 1962, this two-story building is zoned PR-C and offers ample parking with three spaces per unit. The asking price is $1,424,999, translating to a price per square foot of $293.69. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $72,151, resulting in an attractive 5.06% capitalization rate. The property is currently available for purchase, with an available date of June 1st, 2024. This multifamily investment presents a compelling opportunity for investors seeking a stable and profitable asset in the Des Moines market. The property's APN is 2500600186.
Location Insight
- City
- Des Moines
- County
- King
- State
- Washington
- Latitude
- 47.3981
- Longitude
- -122.295
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].