21803 30th Avenue S Unit #1-4, Des Moines, WA 98198

$965,000
4,920
SqFt

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Listing courtesy of Realty ONE Group Orca Gold. Selling Office: The Foundation Group LLC.

Sold Price
$965,000
List Price
$1,000,000
Status
SOLD
MLS#
2323739
Closing Date
Mar 04, 2025
Days on Market
9
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
4,920
Area Total SqFt
4920
Annual Tax Ammount
12251
Internet Provider
Xfinity
Lot Size (sq ft)
11,400
Sewer
Sewer Connected

Property Description

Rare investment opportunity in ideal Des Moines location. Four-Plex with townhouse style units. All units are 2 bed, 1.5 bath with 1230sqft. Parking for 8 vehicles and room for RV parking. Close to all amenities. Room to expand foot print for an additional unit (Zoned Rm1800) and create additional income through coin laundry. 5.7 Cap Rate. Please do not disturb tenants. Drive-by only.

Additional Information

List Date
2025-02-23 00:00:00
Community
Des Moines
Net Operating Income
$56,640
Gross Scheduled Income
$82,200
Total Monthly Income
$6,850
Insurance Expenses
$1,909
Water/Sewer/Garbage Expenses
$4,800
Total Expenses
$25,560
Cap Rate
5.7
Vacancy Rate
1
Total Number of Units
4
Unit Name
21803
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1969
View
Territorial
Roof
Torch Down
Site Features
Cable TV, Fenced-Partially, RV Parking
Other Expenses
6600
Energy Source
Electric
School District
Highline
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$6,850
Gross Scheduled Income
$82,200
Vacancy Rate
1
Tax Year
2024
Insurance Expense
$1,909
W/S/G Expenses
$4,800
Total Expenses
$25,560
Net Operating Income
$56,640
Cap Rate
5.7
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.
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