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Multifamily

Valiant Arms

22521 30th Ave S, Des Moines, WA 98198

Listing Price: $2,500,000

Cap Rate
5.24%
Number of Units
12
Occupancy
83.0%
Price/Unit
$208,333
Price/Gross SF
$193.80
Gross SF
12,900

Investment Overview

Valiant Arms is a multifamily apartment community comprised of of 12 spacious homes located in Des Moines, less than 20 minutes from downtown Seattle. Averaging ±1,075 square feet, the homes at Valiant Arms are considerably larger than those at comparable properties in the market. With three two-bedroom homes and nine three-bedroom homes, Valiant Arms is ideally suited to capitalize on increasing resident demand for larger units.

Investment Highlights

  • 12-unit apartment community with large units averaging ±1,075 square feet
  • Value-add opportunity: ability to continue updating units and increasing rents
  • Select units have updated interiors, patios, and balconies
  • Ample dedicated parking
  • True in-place CAP rate of 5.24%; rarely seen in today's market
  • 2 miles from Angle Lake Light Rail Station
  • 12 minute drive to SeaTac Airport
  • Easy access to I-5 and Pacific Highway

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
5.24%
Number of Units
12
Occupancy
83.0%
Price/Unit
$208,333
Price/Gross SF
$193.80
Gross SF
12,900

Investment Highlights

  • 12-unit apartment community with large units averaging ±1,075 square feet
  • Value-add opportunity: ability to continue updating units and increasing rents
  • Select units have updated interiors, patios, and balconies
  • Ample dedicated parking
  • True in-place CAP rate of 5.24%; rarely seen in today's market
  • 2 miles from Angle Lake Light Rail Station
  • 12 minute drive to SeaTac Airport
  • Easy access to I-5 and Pacific Highway

Investment Overview

Valiant Arms is a multifamily apartment community comprised of of 12 spacious homes located in Des Moines, less than 20 minutes from downtown Seattle. Averaging ±1,075 square feet, the homes at Valiant Arms are considerably larger than those at comparable properties in the market. With three two-bedroom homes and nine three-bedroom homes, Valiant Arms is ideally suited to capitalize on increasing resident demand for larger units.

Exclusively Listed By

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