LISTING DETAILS

Vashon Vue Apartments

22805 30th Ave S Des Moines WA 98198

Listing #: 686675 | Status: Available | Last Modified: 9/16/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	179,578
Vacancy Factor %	5.00%
Operating Expenses	63,081
Net Operating Income	107,518
CAP Rate	5.84 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	5.839

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	11
Total Building SF	8,040 SF
Net Rentable Area	7,300 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	16,810 SF
Acres	0.39
Year Built	1968

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Des Moines
Tax ID #	2500600198
Zoning	PR-C

Vashon Vue Apartments

Public Comments

The Vashon Vue Apartments. This 11-unit building presents the opportunity to acquire an in-place 5.8% current cap rate with operational up-side to reach a 6.7% market cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,170,000 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 three 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. The location of the Vashon Vue offers proximity to several well-regarded schools, including Midway Elementary and Mount Rainier High School, ma

Vashon Vue Apartments
22805 30th Ave S Des Moines WA 98198

Listing #: 686675 | Status: Available | Listing Date: 9/11/2024 | Last Modified: 9/16/2024 | Email Listing

For Sale

Vashon Vue Apartments

Listing Images