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Listed by Paragon Real Estate Advisors Ryan Iles
$ 3,450,000
Est. payment | /mo
26 Beds
23 Baths
16,100 SqFt
$ 3,450,000
Est. payment | /mo
26 Beds
23 Baths
16,100 SqFt
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Nader Nessim
REALTOR® | Lic# 116020