Villette Apartments (Status: Back on Market)

22415, 30th Ave, Des Moines, WA  98198

The Villette Apartments is the best turnkey deal on the market at a steady 6.01% cap rate. Previous buyer was in a 1031 exchange and decided to move forward with a different property. Appraisal came in significantly higher than list price. Appraisal is good for 6 months with the lender. Loan product prepared for the previous buyer could be assumed with ease. Completely renovated 12-unit building – includes new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot.

This stabilized building is a great candidate for a 1031 exchange buyer.

Listing Details

Asset Class: Multi-Family
Year Built: 1961
Building Total Square Feet: 8100
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 18
Local Zoning Information: RM-1800

CBA

Listing Courtesy of: The Foundation Group

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.

Location

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