10301 31st Street E, Edgewood, WA 98372

$1,395,000

Listing courtesy of Skyline Properties, Inc..

List Price
$1,395,000
Status
ACTIVE
MLS#
2151311
Price Change
▼ $103,000 1697859797
Days on Market
116
Annual Tax Ammount
8005

Property Description

BUILDER opportunity!Seller's financing at 6.5% possible.Potential to build 26 TownHouses on these 3 acres MixedUse Residential and Commercial zoning allows for:multi family apartments,THs,offices,retail.Income producing property with opportunity to develop.Fenced and gated three acres with four Remodeled single buildings used as commercial offices right now.The sellers did a lot of remodel, new electric panels with permits,new roofs on 2 bldg,external&interior painting,newer waterline pipes, the whole lot is cleaned/improved with smooth gravel driveway and parking,new waterlines,newer water heaters. Tenants 5,6,7 r additional income from storage, month-to-month.Built 1966,1956; on 3 individual septic systems.Buyer to verify all information.

Additional Information

Community
Edgewood
Building Condition
Good
Style
73 - Office
Year Built
1956
# of Assigned Spaces
35
Roof
Composition
Tax Year
2023
Potential Terms
Cash Out, Conventional, Owner Financing, See Remarks
Interior Features
Hardwood, Laminate
Flooring
Hardwood, Laminate, Vinyl
Driving Directions
Directions: From Meridian Ave E (or Hwy 161) turn East on 31st St E
Other Expenses
2500
Energy Source
Electric
Buyer Agency Compensation
3
Net Operating Income
$101,622
Gross Scheduled Income
$114,360
Cap Rate
7
Total Expenses
$12,653
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