22604 Marine View Drive S, Des Moines, WA 98198
- $900,000
- 4,100
- SqFt
Listing courtesy of Hood Canal Real Estate. Selling Office: Hood Canal Real Estate.
- Sold Price
- $900,000
- List Price
- $1,000,000
- Status
- SOLD
- MLS#
- 2177044
- Closing Date
- Jan 02, 2024
- Days on Market
- 31
- Style
- 53 - Tri-plex
- Building Condition
- Fair
- Finished SqFt
- 4,100
- Area Total SqFt
- 4100
- Annual Tax Ammount
- 7518
- Lot Size (sq ft)
- 5,500
- Sewer
- Sewer Connected
Property Description
Mixed use investment property in the heart of Des Moines. 3 large approx 800 sf 1bedroom apartments above with view of Puget Sound/ Olympic Mtns and 3 commercial spaces below on well trafficked Marine View Drive S. Extraordinary drive by visibility. 4 parking spaces for apartments behind building on 8th Avenue S and 6+parking spaces for commercial spaces off Marine View Drive S. More public parking on side street close by. Coin operated washer/dryer and storage space for tenants behind commercial space. Corridor behind retail provides access to shared bathroom for two commercial tenants and 1 tenant has own private bathroom. Please do not disturb tenants, call your broker or listing broker to schedule showing. Estate sale no form 17.
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Additional Information
- List Date
- 2023-12-02 00:00:00
- Community
- Des Moines
- Net Operating Income
- $45,524
- Gross Adjusted Income
- $64,320
- Gross Scheduled Income
- $64,320
- Total Monthly Income
- $64,320
- Insurance Expenses
- $4,870
- Water/Sewer/Garbage Expenses
- $3,024
- Gross Rent Multiplier
- 15.55
- Total Expenses
- $18,796
- Cap Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 22604
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1960
- View
- Bay, Mountain(s), Sea, Sound
- Roof
- Flat
- Site Features
- Cable TV
- Electric Expenses
- 420
- Other Expenses
- 2964
- Energy Source
- Electric
- School District
- Highline
- Total Monthly Income
- $64,320
- Gross Scheduled Income
- $64,320
- Gross Adjusted Income
- $64,320
- Tax Year
- 2023
- Insurance Expense
- $4,870
- W/S/G Expenses
- $3,024
- Total Expenses
- $18,796
- Net Operating Income
- $45,524
- Gross Rent Multiplier
- 15.55
- Cap Rate
- 5
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.