Tremendous Des Moines investment opportunity. Remodeled 4-plex close proposed light rail station and other transit centers with over $80k+ in improvements. Units are in tremendous condition! 2Br-1Bth fully rented units each with in-unit W/D. Property has had extensive updates b/w 2017-2019 including new roof, windows & exterior paint. Units 5-7 extensively remodeled in 2019 including new cabinets/vanities, Quartz counters, appliances, new carpet/flooring, new doors/trim and fresh paint. Units 6-8 remodeled in 2017. Close to 1-5, airport, neighborhood shopping & public transportation. Don't miss this one!
Grab this rare opportunity to own a beautifully maintained, income-generating Des Moines 4-plex just minutes from everything! Each spacious 1,200 sq. ft. unit features 2 beds/1.5 baths, and two levels of well-designed living space. Two of the four units have been recently updated with new carpet, luxury vinyl plank flooring & fresh interior paint. Added tenant perks include a new card-operated
This 4-plex boasts a new roof installed in 2021 and new Laminate floors in Unit #3. It is a gated community environment, and for additional protection and security, this presents an excellent investment opportunity of $7,200.00 in monthly rental income. Conveniently located with easy access to freeways and highways, it is near bus routes, light rail stations, shopping centers, and SeaTac Airport.
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Buyer
Sale Price
Title Company
Afrin-Damas Revocable Trust
--
--
Arabo Mohamad
--
Fidelity National Title
Arabo Mohamad
$957,990
Fidelity National Title
Mcguire James
$720,750
Rainier Title
S & Y Real Properties Llc
--
None Available
Bailey Brian A
$352,000
Fidelity Natio
Woodin Marty R
$195,000
Washington Title Company
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Previous Owner
Arabo Mohamad
$718,492
Previous Owner
Mcguire James
$881,250
Previous Owner
Mcguire James
$540,563
Previous Owner
Bailey Brian A
$314,000
Previous Owner
Bailey Brian A
$328,000
Previous Owner
Bailey Brian A
$281,600
Previous Owner
Woodin Marty R
$136,500
Closed
Bailey Brian A
$35,200
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
12/23/202112/23/21
Sold
$957,990
+0.8%
$300 / Sq Ft
11/04/202111/04/21
Pending
--
--
--
11/03/202111/03/21
For Sale
$949,990
--
$297 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 22509 30th Ave S Unit 5-8, Des Moines, WA 98198 since 03 November 2021 and is currently estimated at $1,052,043, approximately $329 per square foot. This property was built in 1979. 22509 30th Ave S Unit 5-8 is a home located in King County with nearby schools including Midway Elementary School, Pacific Middle School, and Mount Rainier High School.
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