Description
Prime multi-family development site suitable for 9-units. Water, Sewer, Gas & Electric are all in-street. 2 separate tax parcels offer a combined 16,112 SF w/ 4 underlining lots. Property is located w/in proximity to Spanaway Lake w/ an abundance of restaurants, grocery stores & other commercial centers only minutes away. Lot is cleared w/ level topography. Frontage on paved roads, A Street S & 173rd St S. Current owner has plans for 3-triplexes w/ 2-bdrm configurations + parking. Lots of preliminary work completed: survey, water availability certificate, preliminary meeting, architectural drawings, etc. Value of finished apartment project should be around $3-million & achieve gross yearly revenue of nearly $250K. Zoned MHR.
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0BEDS
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0.37ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing Courtesy of Windermere Professional Prtnrs.Description
Prime multi-family development site suitable for 9-units. Water, Sewer, Gas & Electric are all in-street. 2 separate tax parcels offer a combined 16,112 SF w/ 4 underlining lots. Property is located w/in proximity to Spanaway Lake w/ an abundance of restaurants, grocery stores & other commercial centers only minutes away. Lot is cleared w/ level topography. Frontage on paved roads, A Street S & 173rd St S. Current owner has plans for 3-triplexes w/ 2-bdrm configurations + parking. Lots of preliminary work completed: survey, water availability certificate, preliminary meeting, architectural drawings, etc. Value of finished apartment project should be around $3-million & achieve gross yearly revenue of nearly $250K. Zoned MHR.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-18T18:16:30.95.