2916 S 220th Street
Des Moines, WA 98198
1350 sqft | 0.17 acres | #2308204
Description
Excellent investment opportunity with a solid 6.3% CAP rate and $3500 in monthly rental income with room for future growth in Unit 2916. This corner lot rambler duplex on a PRC-zoned lot offers views of Puget Sound, quick access to I-5 and Hwy 99, nearby amenities and is just a block from new developments. Ideal for living in one unit while renting out the other or leasing both, this property offers the flexibility & strong returns. Both units are currently occupied with leases expiring by 7/25. Each unit featuring spacious beyond its SF, 2 beds, 1 bath, living/dining areas, W/D, private fenced yards, storage closets, soundproof windows, membrane roof & remodeled in 2020 & separate entrances. 8 parking spaces. DO NOT CONTACT TENANTS!
Property Details
- Lot DescriptionCorner Lot, Dead End Street, Paved
- Exterior FeaturesGas Available, RV Parking
- ViewMountain(s), Partial
- InteriorLaminate Hardwood
- Date ListedNovember 05, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Style52 - Duplex
- SubdivisionDes Moines
- School DistrictHighline
- Original List Price$569,950
- MLS #2308204
- MLS #2308204
- Acres0.1703
- Utility SourcePublic
- Taxes Annual$5,453
- Cost539988
- Structure TypeDuplex
- Exterior MaterialsWood
- Square Feet1350
- Year Built1965
- CountyKing
- Property ConditionGood
- Days on Market (Cumulative)44
- Stories1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-27 23:30:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Mo Abdi (#NWM56118)
Listing Office: Homes & Equity Real Estate Grp (#NWM5049)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
