20244 108th AVE SE, Kent, WA 98031 - MLS#2285405 - Brian Gass

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Brian Gass

brian@1realty.com +1(360) 201-0908

Listed by Dove Realty, Inc.

$1,275,000

Est. payment - /mo

1.06 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending - Backup Offer Requested

Purchase Type For Sale

Subdivision Panther Lake

MLS Listing ID 2285405

Style 42 - Multi-Family

Annual Tax Amount $6,339

Lot Size 1.063 Acres

Property Sub-Type Land

Property 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

Location

State WA

County King

Area 340 - Renton/Benson Hill

Interior

Fireplace false

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Septic Design Installed

View Y/N No

Building

Lot Description Curbs, Paved, Secluded, Sidewalk

Sewer Available, In Street

Water On Property, See Remarks

Schools

Elementary Schools Glenridge Elem

Middle Schools Meeker Jnr High

High Schools Kentridge High

School District Kent

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Brian Gass

+1(360) 201-0908

Designated Broker | License ID: 26737

Designated Broker License ID: 26737

20244 108th AVE SE Kent, WA 98031

Brian Gass

Key Details

Location

Interior

Exterior

Building

Schools

Others

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