View Map All Properties • Page 1 of 1 View All Sort by Price Sort Alphabetical
« Back

The Cliff

Main image

The Cliff

21833 7th Ave S, Des Moines, WA 98198
Multi-Family For Sale Pending Cap Rate 4.34% Built 1962 3 floors Zoning: RM-900
Asking Price
$3,450,000
Total Building16,100 SF
Available16,100 SF avail
Land45,738 SF land
Parking Total14
& Uncov.
MarketDes Moines
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
305358
Listing ID
704397
Type
Multi-Family
Asset Class
Multi-Family
Zoning
RM-900

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.

Listing Courtesy of:

RI
Ryan Iles
Paragon Real Estate Advisors
600 University St., Ste. 2018,
Seattle, WA 98101-1176
State: WA City: Des Moines ZIP: 98198 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.