About 20244 108th Avenue Se
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
Features of 20244 108th Avenue Se
| MLS® # | 2285405 |
|---|---|
| Price | $1,275,000 |
| Bathrooms | 0.00 |
| Acres | 1.06 |
| Type | Lot/Land |
| Sub-Type | Land |
| Status | Pending - Backup Offer Requested |
Community Information
| Address | 20244 108th Avenue Se |
|---|---|
| Area | 340 - Renton/Benson Hill |
| Subdivision | Panther Lake |
| City | Kent |
| County | King |
| State | WA |
| Zip Code | 98031 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Curbs, Paved, Secluded, Sidewalk |
|---|
School Information
| District | Kent |
|---|---|
| Elementary | Glenridge Elem |
| Middle | Meeker Jnr High |
| High | Kentridge High |
Additional Information
| Days on Market | 148 |
|---|---|
| Cumulative Days on Market | 148 |
| Days on Website | 418 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Dove Realty, Inc. |
|---|