$3,450,000

21833 7th Avenue S, Des Moines, WA 98198

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon1.05acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

This listing courtesy of Ryan Iles, Paragon Real Estate Advisors

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.

Listing Status:
Active
Listing Office:
Paragon Real Estate Advisors : 206-623-8880
Listing Agent:
Ryan Iles : 206-623-8880
MLS ID:
2448401
  • Flooring: VinylCarpet
  • A/C: None
  • Heating: Baseboard
  • Fireplace: Fireplaces: 0
  • General: BrickWood Products
  • Parking: Parking spaces: 14
  • Roofing: Composition
  • General: 56 - 10+ UnitsPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Seattle
  • County: King
  • Zoning: 2009001949
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Ryan Iles, Paragon Real Estate Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Midway Elementary School

22447 24th Ave S, Des Moines, WA, 98198

Grades KG-5

1.18 miles away

P

Pacific Middle School

22705 24th Ave S, Des Moines, WA, 98198

Grades 6-8

1.22 miles away

M

Mount Rainier High School

22450 19th Ave S, Des Moines, WA, 98198

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.