Introducing Silverwood Park, located at 23006 30th Ave S, Des Moines, WA 98198. This prime 64-unit value-add asset boasts recent exterior improvements totaling $1.1M, providing a fresh look and increased curb appeal. Built in 1979, the property has a renovated cap rate of 6.73% and offers an immediate upside opportunity for new owners. Situated steps away from the Kent Light Rail Station, Silverwood Park features a mix of studios and one-bedroom apartments covering 626 square feet on average. Following the extensive exterior renovation in 2021 which included Hardie siding, roof upgrades, and a new dog park, the focus now turns to high-return interior renovations. With rent restrictions expiring by 2025, new ownership stands to benefit from rent increases and utility reimbursement implement