Bought with eXp Realty
$871,500
$895,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
21914 29th AVE S Des Moines, WA 98198
2,600 SqFt
Key Details
Sold Price $871,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $335
Subdivision Des Moines
MLS Listing ID 2130903
Sold Date 11/30/23
Style 54 - 4-Plex
Year Built 1967
Annual Tax Amount $7,799
Lot Size 7,540 Sqft
Lot Dimensions 66x114
Property Description
Wonderful 4plex in a convenient location with an outstanding mix of 2 2-bed/1 bath units and 2 1-bed/1 bath units. This building is well-maintained with consistent updates. Market rents push $1,700 for the 2-bed and $1,525 for the 1-bed units ($6,500 a month)! Coin-op laundry for added income. Rents are below market due to long-term tenants giving this value add potential by raising rents, instituting RUBS, and continuing to improve the units. Close to the upcoming Des Moines light rail expansion stop. Development is happening quickly and will rapidly increase property values and rents! NEW TPO ROOF as of September 2023!
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Flooring Vinyl, Vinyl Plank
Fireplace No
Exterior
Exterior Feature Metal/Vinyl, Wood
Amenities Available Deck, Fenced-Partially, High Speed Internet
Waterfront No
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Highline
Others
Senior Community No
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157