811 S 227th Place

    Des Moines, WA 98198
    • $2,150,000
    • STATUS: Pending Inspection
    • ON SITE: 59 days
    • ID#: 1385769
    Under Contract
    UPDATED: 24 min ago
    $2,150,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,217
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Gig Harbor.

    Description

    The Landmarc V, a 9 unit apartment building available in vibrant downtown Des Moines. The buildings location offers a foothold in the downtown core of growing Des Moines, a neighborhood which boasts ample bars, restaurants, & grocery stores close by. Downtown Seattle accessible by mass transit and future light rail stations. The large units offer full kitchens along with oversized windows and balconies to take in the view of the Puget Sound. 22 parking spaces and 2 on-site laundry facilities.

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T18:15:58.86.

    www.kimberlygartlandgroup.com/homes/89493416

    811 S 227th Place Des Moines, WA 98198

    • Price: $2,150,000
    • Status: Pending Inspection
    • Updated: 24 min ago
    • ID#: 1385769
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    11,217
    SQFT
    $192
    $/SQFT
    1975
    Built
    Neighborhood:
    Downtown Des Moines
    County:
    King
    Area:
    D.Moines/Redondo
    School District:
    Highline
    Property Description
    The Landmarc V, a 9 unit apartment building available in vibrant downtown Des Moines. The buildings location offers a foothold in the downtown core of growing Des Moines, a neighborhood which boasts ample bars, restaurants, & grocery stores close by. Downtown Seattle accessible by mass transit and future light rail stations. The large units offer full kitchens along with oversized windows and balconies to take in the view of the Puget Sound. 22 parking spaces and 2 on-site laundry facilities.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Garage Spaces 0 Lot Details SidewalkValue In Land Roof Flat Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 22 Uncovered Spaces 22 View Bay

    Interior Features

    Heating And Cooling Baseboard Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1200 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1200 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 1200 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 2 Unit4 Dishwasher Y Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 1200 Unit4 Washer Dryer N Unit5 Bathrooms 1.00 Unit5 Bedrooms 2 Unit5 Dishwasher Y Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 1200 Unit5 Washer Dryer N Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 1200 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 5.30 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Multi-Family Gross Adjusted Income 0 Gross Rent Multiplier 13 Gross Scheduled Income 167546 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2320 Leased Items None Lot Number 62 & 64 Net Operating Income 113226 New Construction YN No Other Expenses 0 Possession ClosingNegotiable Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Site Features Cabana/GazeboCable TVDeckGas AvailableHigh Speed InternetPatio Tax Amount 17715 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 46219 Total Expenses TEX 46219 Total Monthly Income 13500 Unit1 Monthly Rent 1500 Unit2 Monthly Rent 1500 Unit3 Monthly Rent 1500 Unit4 Monthly Rent 1500 Unit5 Monthly Rent 1500 Unit6 Monthly Rent 1500 Vacancy Rate 5 Water Company City Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-01-15T18:15:58.86.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Windermere Gig Harbor.