$1,275,000
 $6,844 forsale estimated payment Sourced by Back At You

20244 108th Avenue , Kent, WA 98031

Kent, WA 98031

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Description

Earn a lavish cash flow with awesome long-term tenants while going through the development process. Property has historically been used as a non-conforming duplex, but with MR-M zoning, the possibility exists to convert existing home into a conforming multi-family dwelling or keep as-is. 20+ units can be built on the existing parcel; work with the owners of the corner lot and potentially cost share in some of the development. New state laws have passed likely making it more favorable for lucrative development options, City of Kent in process of incorporating these changes to their Comprehensive Plan to be finished in summer of 2025. No critical areas! Current NOI= $42,181

Details

Mls2285405
Listing TypeFor Sale
StyleFrmrnch
SubtypeResale
StatusPending
Days On Site102
Listing Provided ByDove Realty, Inc. | Jason Sharp

Features

ZoningMR-M
Acreage1.06

Market Activity 98031

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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StateWA
CountyKing
CityKent
Zip Code98031
Area340 Renton | Benson Hill
Community NamePanther Lake
School DistrictKentridge High
Elementary SchoolGlenridge Elem
Middle SchoolMeeker Jnr High
High SchoolKentridge High
Listing VS Median (in Panther Lake)
Price:
$1,275,000
low | high
Med:
$1,275,000
50% of Average
On Site:
102
low | high
Med:
102.000000
100% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 3:15:59 PM PST