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.
Active
Listed by:
Ryan Iles,
Paragon Real Estate Advisors
$3,450,000
21833 7th Avenue S, Des Moines, WA 98198
26beds
23baths
16,100sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$214/sqft
$-- HOA
What's special
Common laundry areaSmall officeGreat natural lightSecure tenant storage lockers
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