Property Photo: 2916 S 220th Street WA 98198

Listing Courtesy of:

Northwest MLS / Homes & Equity Real Estate Grp

2916 S 220th Street Des Moines, WA 98198

Active (9 Days)

$569,950

1,350

SQFT

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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!

MLS #:
2308204

Taxes
$5,453(2024)

Lot Size
7,418 SQFT

Type
Multifamily

Building Name
Smith Orman Add

Year Built
1965

Style
Duplex

Views
Partial, Mountain(s)

School District
Highline

County
King County

Community
Des Moines

Listed By

Mo Abdi, Homes & Equity Real Estate Grp

Source
Northwest MLS as distributed by MLS Grid
Last checked Nov 14 2024 at 3:05 PM PST

Bathroom Details

Interior Features

Laminate Hardwood

Subdivision

Des Moines

Lot Information

Paved
Dead End Street
Corner Lot

Property Features

Rv Parking
Gas Available
Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Wall Unit(s)
Baseboard

Flooring

Vinyl
Laminate

Exterior Features

Wood
Roof: See Remarks

Utility Information

Sewer: Sewer Connected
Fuel: Natural Gas, Electric

Parking

Rv Parking

Additional Listing Info

Buyer Brokerage Compensation: 2.25

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

Map View | Street View

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 2024 11/14/24 07:05. 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.