20244 108th Avenue , Kent, WA 98031
Kent, WA 98031
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
| Mls | 2285405 |
|---|---|
| Listing Type | For Sale |
| Style | Frmrnch |
| Subtype | Resale |
| Status | Pending |
| Days On Site | 105 |
| Listing Provided By | Dove Realty, Inc. | Jason Sharp |
Features
| Zoning | MR-M |
|---|---|
| Acreage | 1.06 |
Market Activity 98031
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Learn More About This Property
| State | WA |
|---|---|
| County | King |
| City | Kent |
| Zip Code | 98031 |
| Area | 340 Renton | Benson Hill |
| Community Name | Panther Lake |
| School District | Kentridge High |
| Elementary School | Glenridge Elem |
| Middle School | Meeker Jnr High |
| High School | Kentridge High |
| Listing VS Median (in Panther Lake) | |
Price: $1,275,000 low | high Med: $1,275,000 On Site: 105 low | high Med: 105.000000 | |