21833 7th AVE S new to site Save Request In-Person Tour Request Virtual Tour
Des Moines,WA 98198
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,100 sqft
Price per Sqft $214
Subdivision Des Moines
MLS Listing ID 2448401
Style 56 - 10+ Units
Bedrooms 26
Year Built 1962
Annual Tax Amount $45,704
Lot Size 1.051 Acres
Property Sub-Type Multi Family
Property Description
23-unit value-add apartment community in the desirable Des Moines Marina District. Built in 1962, the Cliff offers a mix of studio 1 and 2 bedroom units. Livable and cool mid-century layouts with great natural light position the property well for a renovation strategy that enhances tenant appeal and drives income potential. Building features and amenity spaces include a convenient common laundry area on the lower level, large and secure tenant storage lockers and a small office suitable for a property manager or maintenance staff. Priced at $150,000 per unit, the Cliff Apartments present a compelling opportunity to acquire a quality asset offering significant upside in a desirable and thinly traded waterfront community.
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Flooring Vinyl,Carpet
Fireplace false
Exterior
Exterior Feature Brick,Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional