21831 30th Avenue S, Des Moines, WA 98198
- $1,000,000
- 4,920
- SqFt
Listing courtesy of ACRES Real Estate LLC. Selling Office: COMPASS.
- Sold Price
- $1,000,000
- List Price
- $975,000
- Status
- SOLD
- MLS#
- 2145544
- Closing Date
- Oct 19, 2023
- Days on Market
- 8
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,920
- Area Total SqFt
- 4920
- Annual Tax Ammount
- 10918
- Lot Size (sq ft)
- 7,980
- Sewer
- Sewer Connected
Property Description
This fully occupied Des Moines 4-plex has easy access to I-5 and local employers - Seatac Airport, FAA, Alaska Airlines, etc. This property is stabilized with quality long-term tenants who consistently pay rent and is great for investors seeking consistent cash flow with low stress tenants and minimal expenses. The units were updated in the past 5-7 years and have desirable layouts with large living areas, a washer/dryer in unit, 1-1/2 baths, a kitchen w/ eating area, backyard patio access & balconies on the 2nd floor. Upstairs offers 2 bedrooms - 1 w/ a private balcony and full bath. There also exists potential for rent increases for the value-add-minded investor with limited investment into cosmetic improvements in & around the property.
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Additional Information
- List Date
- 2023-10-11 00:00:00
- Community
- Des Moines
- Net Operating Income
- $51,412
- Gross Adjusted Income
- $77,220
- Gross Scheduled Income
- $77,220
- Total Monthly Income
- $6,435
- Insurance Expenses
- $1,823
- Water/Sewer/Garbage Expenses
- $5,880
- Gross Rent Multiplier
- 12.95
- Total Expenses
- $25,808
- Cap Rate
- 5.14
- Total Number of Units
- 4
- Unit Name
- 21831
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1969
- View
- Partial, Sound, Territorial
- Roof
- Composition, Flat, Torch Down
- Site Features
- Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio
- Electric Expenses
- 167
- Other Expenses
- 7020
- Energy Source
- Electric
- School District
- Highline
- Elementary School
- Midway Intermed
- Middle School
- Pacific Mid
- High School
- Mount Rainier High
- Total Monthly Income
- $6,435
- Gross Scheduled Income
- $77,220
- Gross Adjusted Income
- $77,220
- Tax Year
- 2022
- Insurance Expense
- $1,823
- W/S/G Expenses
- $5,880
- Total Expenses
- $25,808
- Net Operating Income
- $51,412
- Gross Rent Multiplier
- 12.95
- Cap Rate
- 5.14
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.