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22415 30th Ave S
Des Moines, WA 98198
Villette Apartments · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 7,992 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2017 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Zoning | RM1800, Des Moines | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,992 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2017 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RM1800, Des Moines |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Refrigerator
- Tub/Shower
- Yard
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
ABOUT 22415 30TH AVE S , DES MOINES, WA 98198
The Foundation Group is pleased to exclusively offer for sale the Villette Apartments, a 12-unit building in Des Moines. The property has been completely renovated and is perfect for an investor looking for stable cash flow in a growing market. Market rents have sustained record growth and the Villette Apartments has capitalized on this rental activity. The Villette Apartments was built in 1961 and has since become a like-new building. Total renovation of the property includes new flooring, cabinetry, carpet, windows, roof, laundry room, all new appliances, electrical panels, and parking lot. Due to rising taxes and competitive office space in Seattle, many companies are moving jobs from the overcrowded Seattle market and into the Des Moines Creek Business Park. The buzz around this area is largely focused on the brand new, 87 acre Des Moines Creek Business Park, which includes a combination of manufacturing, research & development, processing, logistics, office, and hospitality businesses. Construction started less than five years ago and three of the four-phases have been completed. The park is almost entirely leased and have attracted some key anchors. One of the most notable tenants is the Federal Aviation Administration and their brand new regional headquarters. Through a planned move from Renton, the FAA has already moved more than 1,500 employees to the new 280,000 square-foot building. Additionally, two of the most recently announced tenants for the fourth phase are Outdoor Research Clothing and Bartell Drugs. Bartell Drugs’ 226,000 square-foot distribution center nearly doubled the size of the West Seattle center it will be vacating. The list of other major tenants include AmerisourceBergen Corp., Banzai Sushi, Greencore, K2 Sports, Organically Grown Co., Partners Crackers, PODS, Meiko America, and XPO Logistics Over 3,000 jobs and two-million square feet of new development within walking distance
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,095 | 504 |
| 2+1 | 9 | $1,345 | 720 |
PROPERTY TAXES
| Parcel Number | 250060-0135 | Improvements Assessment | $1,389,500 |
| Land Assessment | $577,500 | Total Assessment | $1,967,000 |
PROPERTY TAXES
