WA > Kent > Panther Lake
Kent, WA 98031,20244 108th AVE SE
Kent, WA 98031,20244 108th AVE SE
Kent, WA 98031,20244 108th AVE SE
Kent, WA 98031,20244 108th AVE SE
Kent, WA 98031,20244 108th AVE SE
Kent, WA 98031,20244 108th AVE SE
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Dove Realty, Inc.
$ 1,275,000
Est. payment | /mo

1.06 Acres Lot

Save
$ 1,275,000
Est. payment | /mo
Save

1.06 Acres Lot

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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