815 S 219th Street Des Moines, WA 98198
Listing Courtesy of: Northwest MLS / Paragon Real Estate Advisors

  815 S 219th Street Des Moines, WA 98198

Pending (22 Days)
$2,200,000

Description

Built in 1967, the Sunwest Apartments is a very well-maintained property that has undergone numerous updates including all new double pane vinyl windows, sliding glass doors, copper plumbing, and interior unit upgrades. The Sunwest Apartments consists of ten large two bedroom one bath units that are clean, spacious, and provide abundant natural light with water views from the top floor units. The property will operate at a 6.07% Cap Rate once the rent increases take effect on November 1st, 2024 with additional rental upside. The location is great for commuters heading to Seattle or the Eastside as the property is located only a half mile from Highway 509 and is only a 2-mile drive to the Angle Lake Light Rail Station.

MLS #:
2265765
Taxes
$23,377(2024)
Lot Size
0.36 acres
Type
Multifamily
Year Built
1967
Style
10+ Units
School District
Highline
County
King County
Community
Des Moines

Listed By

Brian D. Platt, Paragon Real Estate Advisors
Source
Northwest MLS as distributed by MLS Grid
Last checked Sep 8 2024 at 1:32 AM GMT+0000
Bathroom Details
Subdivision
  • Des Moines
Property Features
  • Fireplace: 0
Heating and Cooling
  • Radiant
Exterior Features
  • Wood
  • Stone
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 2024 9/7/24 18:32. 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.