2916 S 220th Street , Des Moines, Wa 98198

WA, Des Moines
$539,988
  • 1,350 Sqft
  • Residential Income Property Type
  • 1965 Year Built
  • Canceled Status
Property 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!

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2308204
  • Price: $539,988
  • View: Mountain(s),Partial
  • Square Footage: 1,350 Sqft
  • Year Built: 1965
  • Lot Area: 0.17 Acre
  • Status: Canceled
  • Office Name: Homes & Equity Real Estate Grp
  • Agent Name: Mo Abdi
  • Property Sub Type: Multi-Family
  • Roof: See Remarks
Features
  • Heating System Baseboard, Wall Unit(s)
  • Cooling System None
  • Parking RV Parking
  • Exterior Features Wood
  • Flooring Vinyl, Laminate
  • Interior Features Laminate Hardwood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County King
  • City Des Moines
  • Zipcode 98198
  • Street: 220th
  • Street Number: 2916
  • Street Suffix: Street
  • Longitude: W123° 42' 15.7''
  • Latitude: N47° 24' 16.9''
  • Directions: From Pacific Hwy S (99), head east on 220th St. Property on left side.
  • Mls Area Major: 120 - Des Moines/Redondo
  • Street Dir Prefix: S
Neighborhood
  • High School District: Highline
Additional Information
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Commercial,Multi-Family,Residential
  • On Market Date: 2024-11-05
  • Number Of Units Total: 2
  • Lot Features: Dead End Street, Paved, Corner Lot
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 5453
Listing Information
  • List Agent Mls Id: 56118
  • List Office Mls Id: 5049
  • Listing Term: Cash Out,Conventional
  • Mls Status: Cancelled
  • Modification Timestamp: 2024-12-19T16:53:08Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-12-19T16:51:28Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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