22805 30th Ave Des Moines, WA 98198 – Vashon Vue Apartments

Vashon Vue Apartments (Status: Available) 1995000

22805, 30th Ave, Des Moines, WA  98198

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

Listing Details

Asset Class: Multi-Family
Year Built: 1968
Building Total Square Feet: 8040
Available Lease Space Square Feet: 7300
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: PR-C

Listing Courtesy of: Paragon Real Estate Advisors

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.