20244 108th AVE SE Pending Save Request In-Person Tour Request Virtual Tour
Kent,WA 98031
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
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
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
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional