$1,275,000
Pending

20244 108th Avenue SE

Kent, WA 98031
2380 sqft | 8 beds | 3 baths | 1.06 acres | #2285401
Listing OfficeDove Realty, Inc.
Browse 10 photos
Type:Purchase
Structure:House
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

  • Interior Details
      • InteriorSecond Kitchen, Hardwood, Wall to Wall Carpet
    • Beds & Baths
      • Bedrooms8
      • Bathrooms3
      • Full Baths3
  • Property Details
      • Lot DescriptionCurbs, Secluded, Value In Land
      • Exterior FeaturesFenced-Fully
      • Exterior MaterialsWood
    • Measurements
      • Acres1.0631
      • Square Feet2380
  • Construction Details
      • Style16 - 1 Story w/Bsmnt.
      • Property TypePurchase
    • Condition
      • Year Built1955
    • Material information
      • FoundationPoured Concrete
  • Utilities / Energy Details
      • Sewer InformationAvailable, Septic Tank
      • Utility SourcePublic, See Remarks
  • 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)61
  • Other
      • MLS #2285401
Melissa McMurrayReal 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
$0.00
Loan Amount
$0.00

Nearby Listings in 98031