Income producing, fully occupied 4-plex with below market rents. Awesome value-add opportunity for a savvy investor looking to acquire a great asset in a sought-after location, right across from Highline college! Property includes four spacious 2-bed/1-bath units with in-unit washer/dryer, dishwashers and private parking on the lot. Upstairs units offer partial views of the Puget Sound. Long term tenants pay their own electricity and a monthly flat fee for WSG. Large 11,900sqft lot and RM-2400 zoning may provide additional development potential (buyer to verify). Conveniently located near the future Des Moines light rail station, freeways, and more! This is the investment you’ve been searching for!
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
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
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ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
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First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
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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
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List Price
Sold Price
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Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
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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 24022 25th Ave S, Des Moines, WA 98198 since 03 May 2023 and is currently estimated at $985,092, approximately $243 per square foot. This property was built in 1967. 24022 25th Ave S is a home located in King County with nearby schools including Parkside Elementary School, Pacific Middle School, and Mount Rainier High School.
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