2916 S 220th ST Active Save Request In-Person Tour Request Virtual Tour
Des Moines,WA 98198
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,350 sqft
Price per Sqft $422
Subdivision Des Moines
MLS Listing ID 2308204
Style 52 - Duplex
Bedrooms 4
Year Built 1965
Annual Tax Amount $5,453
Lot Size 7,418 Sqft
Property Description
Excellent investment opportunity with a solid 5.9% 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!
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Flooring Laminate,Vinyl
Exterior
Exterior Feature Wood
Amenities Available Gas Available,RV Parking
Waterfront No
View Y/N Yes
View Mountain(s),Partial
Roof Type See Remarks
Building
Lot Description Corner Lot,Dead End Street,Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Highline
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional