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  • Listed by: 

    Ryan Iles,

    Paragon Real Estate Advisors

    $3,450,000

    21833 7th Avenue S, Des Moines, WA 98198

    26beds
    23baths
    16,100sqft
    : 
    Multi Family
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $214/sqft
    $-- HOA

    What's special

    Common laundry areaSmall officeGreat natural lightSecure tenant storage lockers
    23-unit value-add apartment community in the desirable Des Moines Marina District. Built in 1962, the Cliff offers a mix of studio 1 and 2 bedroom units. Livable and cool mid-century layouts with great natural light position the property well for a renovation strategy that enhances tenant appeal and drives income potential. Building features and amenity spaces include a convenient common laundry area on the lower level, large and secure tenant storage lockers and a small office suitable for a property manager or maintenance staff. Priced at $150,000 per unit, the Cliff Apartments present a compelling opportunity to acquire a quality asset offering significant upside in a desirable and thinly traded waterfront community.
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