2380 sqft | 8 beds | 3 baths | 1.06 acres | #2285401
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
- InteriorSecond Kitchen, Hardwood, Wall to Wall Carpet
- Lot DescriptionCurbs, Secluded, Value In Land
- Sewer InformationAvailable, Septic Tank
- Style16 - 1 Story w/Bsmnt.
- Utility SourcePublic, See Remarks
- FoundationPoured Concrete
- Middle SchoolMeeker Jnr High
- Elementary SchoolGlenridge Elem
- High SchoolKentridge High
- Date ListedJuly 27, 2024
- Exterior FeaturesFenced-Fully
- SubdivisionPanther Lake
- Property SubtypeResidential
- Original List Price$1,275,000
- Property TypePurchase
- MLS #2285401
- Cost1275000
- MLS #2285401
- Acres1.0631
- Taxes Annual$6,339
- Structure TypeHouse
- Exterior MaterialsWood
- Square Feet2380
- Year Built1955
- School DistrictKent
- CountyKing
- Property ConditionGood
- Days on Market (Cumulative)86
- Bedrooms8
- Bathrooms3
- Full Baths3
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:12:22. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jason Sharp (#NWM42458)
Listing Office: Dove Realty, Inc. (#NWM9249)
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