Bought with Windermere R E Mount Baker
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Key Details
Sold Price $2,190,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $270
Subdivision Des Moines
MLS Listing ID 1334850
Sold Date 07/12/19
Style 56 - 10+ Units
Year Built 1961
Annual Tax Amount $11,754
Lot Size 0.379 Acres
Property Description
The Villette Apartments is the best turnkey deal on the market at a steady 5.8% cap rate. Two units just resigned leases with a rent increase. Property is 100% occupied and last appraisal came in significantly higher than list price.
Completely renovated 12-unit building - includes new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot.
Location
State WA
County King
Area _120Desmoinesredon
Interior
Interior Features Laminate Hardwood
Flooring Laminate
Fireplace No
Exterior
Exterior Feature Brick
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Highline
Others
Acceptable Financing Cash Out
Listing Terms Cash Out
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