Entity Owned Property summary
This exceptional investment opportunity presents a six-unit apartment building located at 22707 30th Ave S, Des Moines, WA 98198, in King County. The property, known as J & R Apartments, boasts a total of 4,852 square feet and sits on a 0.37-acre lot. Built in 1962, this two-story building is zoned PR-C and offers ample parking with three spaces per unit. The asking price is $1,424,999, translating to a price per square foot of $293.69. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $72,151, resulting in an attractive 5.06% capitalization rate. The property is currently available for purchase, with an available date of June 1st, 2024. This multifamily investment presents a compelling opportunity for investors seeking a stable and profitable asset in the Des Moines market. The property's APN is 2500600186.
Property profile
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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