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21833 7th Ave S
Des Moines, WA 98198
The Cliff Apartments · Multifamily Property For Sale
·
22 Units
Investment Highlights
- Excellent Des Moines Marina District location
- Value-add opportunity: Immediate income upside and renovation/reposition opportunity
- 23 Units: (6) studio, (8) one-bedroom/one-bath and (9) two-bedroom/one-bath units
- First time on the market in over 20 years
- Great value at $150,000/unit and $214/NRSF
- Select two-bedroom units feature a two-story “townhouse” style floorplan with vaulted ceilings
Property Facts
| No. Units | 22 | Building Size | 16,100 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 1.05 AC | ||
| Zoning | RM900, Des Moines | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 16,100 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | RM900, Des Moines |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $975.00 | 475 |
| 1+1 | 8 | $1,225 | 700 |
| 2+1 | 8 | $1,425 | 850 |
Property Taxes
| Parcel Number | 200900-1949 | Improvements Assessment | $2,026,600 |
| Land Assessment | $1,511,400 | Total Assessment | $3,538,000 |
Property Taxes
Parcel Number
200900-1949
Land Assessment
$1,511,400
Improvements Assessment
$2,026,600
Total Assessment
$3,538,000
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