Description
Shovel ready multifamily opportunity in desirable Juanita Beach! This cleared & level corner lot parcel is designed, permitted & ready to become a 7unit apt building. Enjoy building a Class A asset exempt from property tax for 8 yrs! Seller has applied to MFTE program-1 unit to be affordable exempting property from taxes(land value tax still applies). Designs include a unit mix of six 2bd/2.5bth & one 3bd/2.5bth spread over 2 floors w/ a parking garage below. Located blocks from Juanita Beach, amenity rich Juanita Village & set within the Lake WA School District make this a highly sought-after locale sure to attract a great tenant base! Projected rents forecast a 5.5% cap ARV. Contact LB for plans, permit details & construction estimates.
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
School Information
Listing information ©2023 Northwest MLS. Listing courtesy of Sound Realty Group Inc.
Sold by .Description
Shovel ready multifamily opportunity in desirable Juanita Beach! This cleared & level corner lot parcel is designed, permitted & ready to become a 7unit apt building. Enjoy building a Class A asset exempt from property tax for 8 yrs! Seller has applied to MFTE program-1 unit to be affordable exempting property from taxes(land value tax still applies). Designs include a unit mix of six 2bd/2.5bth & one 3bd/2.5bth spread over 2 floors w/ a parking garage below. Located blocks from Juanita Beach, amenity rich Juanita Village & set within the Lake WA School District make this a highly sought-after locale sure to attract a great tenant base! Projected rents forecast a 5.5% cap ARV. Contact LB for plans, permit details & construction estimates.
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 Front Street Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-10-02T20:15:13.297. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-10-02T20:15:13.297. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.