22805 30th Avenue SDes Moines, WA 98198
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
This 11-unit building presents the opportunity to acquire an in-place 6.5% current cap rate with operational up-side to reach a 6.8% proforma cap rate. The Buyer will further have the opportunity to assume the existing loan with an approximate balance of $1,155,000 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 two classic and one renovated 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.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Pending | |
| 4 weeks ago | Listing first seen on site |
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
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Last checked: 2025-06-04 09:00 AM PDT
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