LISTING DETAILS

Vista Del Mar Bungalows

22506 7th Ave S Des Moines WA 98198

Listing #: 687912 | Status: Available | Last Modified: 10/24/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	167,637
Vacancy Factor %	5.00%
Operating Expenses	71,588
Net Operating Income	87,667
CAP Rate	4.57 %

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	4.574

Building Information
Building Status	Existing
# of Buildings	2
# of Floors	2
# of Units	13
Total Building SF	6,030 SF
Net Rentable Area	6,030 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	15,000 SF
Acres	0.34
Year Built	1939

Property Type
Property Type	Multi-Family

Location
County	King
Market Area	Des Moines
Tax ID #	2006600360
Zoning	D-C

Vista Del Mar Bungalows

Public Comments

We are pleased to exclusively offer for sale the Vista Del Mar Bungalows; a value-add, 13-unit apartment building near the Des Moines waterfront. Built in 1939 in a wonderful Spanish architectural style, the property is prominently positioned on a 15,000 SqFt corner lot just blocks from water right in the heart of the Des Moines Marina District. The property consists of two buildings with a mix of efficient studio, one-bedroom and two-bedroom apartments. Common area amenities include off-street parking with 12+ stalls, an outdoor seating/gathering space and a common laundry room. The property also has a large garage space in the lower level of the south building that is being used as a workshop and extra storage space currently. This space is large and could be repurposed and potentially r

Vista Del Mar Bungalows
22506 7th Ave S Des Moines WA 98198

Listing #: 687912 | Status: Available | Listing Date: 10/9/2024 | Last Modified: 10/24/2024 | Email Listing

For Sale

Vista Del Mar Bungalows

Listing Images