Courtesy: Keller Williams Rlty Bellevue
425-454-0911
Jingyu Sun
Exceptional opportunity for homeowners and investors alike! This versatile 5-bedroom, 4.5-bath property offers strong income potential, flexible living arrangements, and future development possibilities on a generous lot. With separate entrances for both levels, it's ideal for multigenerational living, owner-occupants seeking rental income, or savvy investors. The main level features a gourmet kitchen, spacious living areas, and three generously sized bedrooms with two full bathrooms. The lower level offers multiple income-producing units, each with its own bathroom, while the larger unit includes a full kitchen. Currently partially rented on a month-to-month basis, the property has the potential to generate approximately $6,000 per month in rental income, including about $3,000 from each level. With a projected cap rate approaching 6%, this is a rare investment opportunity in a desirable location. Situated on a large lot surrounded by established single-family homes and attractive new construction, the property offers immediate cash flow and long-term upside. Explore the potential to build your dream home while collecting rental income from the existing residence. Also listed as a duplex, this unique offering provides exceptional flexibility and value. Conveniently located within walking distance to the light rail station, with easy access to shopping, dining, and major employment centers, this is an opportunity you won't want to miss.
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Des Moines is located in Washington. Des Moines, Washington has a population of 32,631. Des Moines is less family-centric than the surrounding county with 30.24% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Des Moines, Washington is $73,131. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Des Moines is 38.6 years.
The average high temperature in July is 76.7 degrees, with an average low temperature in January of 36.7 degrees. The average rainfall is approximately 38.9 inches per year, with 5 inches of snow per year.
