22226 6th Avenue S #101
Des Moines, WA 98166
0.34 acres | #2224807
Description
Investors this is for you; Street-front retail condo ideally located within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condo's above the street front retail with ample curbside and covered parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with private lobby, elevator and outside gated stair access. This condo is fully leased with 9 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Located South and East of the Des Moines Park Conservation Area and within close proximity to the Des Moines Marina.
Interior Details
- InteriorWall to Wall Carpet
Property Details
- Exterior MaterialsCement/Concrete, Stucco
Measurements
- Acres0.3444
Construction Details
- Style60 - Comm Bldg Und 10K
- Property TypePurchase
Condition
- Year Built2002
Material information
- FoundationPoured Concrete, Slab
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionDes Moines Waterfront
Location
- CountyKing
Financial Details
- Original List Price$517,500
- Taxes Annual$2,536
- Days on Market (Cumulative)106
HOA
- Hoa Fees224
Other
- MLS #2224807
Legal
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Keith A. McKinney (#NWM26403)
Listing Office: Coldwell Banker Bain (#NWM5291)
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