$1,275,000
Pending

20244 108th Avenue SE

Kent, WA 98031
Listing OfficeDove Realty, Inc.
Browse 10 photos
Type:Purchase
Structure:Land
Zone:Residential

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

  • Property Details
      • Lot DescriptionCurbs, Paved, Secluded, Sidewalk
    • Measurements
      • Acres1.0631
  • Construction Details
      • Style42 - Multi-Family
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Natural Gas Available, Septic Design Installed
      • Utility SourceOn Property, See Remarks
      • Sewer InformationAvailable, In Street
  • Community and Neighborhood Details
      • SubdivisionPanther Lake
    • Location
      • Middle SchoolMeeker Jnr High
      • Elementary SchoolGlenridge Elem
      • High SchoolKentridge High
      • School DistrictKent
      • CountyKing
  • Financial Details
      • Original List Price$1,275,000
      • Taxes Annual$6,339
      • Days on Market (Cumulative)59
  • Other
      • MLS #2285405
Carl WilsonReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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