$1,600,000
Pending

11929 100th Avenue NE

Kirkland, WA 98034
Courtesy of Sound Realty Group Inc
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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% cap ARV. Contact LB for plans, permit details & construction estimates.
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  • Property Details
    • Property
      • Lot description:Corner Lot, Cul-De-Sac, Dead End Street, Open Space
    • Measurements
      • Acres:0.241
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Architectural style:42 - Multi-Family
  • Utilities / Energy Details
    • Utility
      • Sewer information:Available
      • Utility source:Available, In Street
      • Utility features:Natural Gas Available, Electricity Connected
  • Community and Neighborhood Details
    • Location
      • School district:Lake Washington
      • Elementary School:Buyer To Verify
      • Middle School:Buyer To Verify
      • High School:Buyer To Verify
      • County:King
    • Community
      • Subdivision:Juanita
  • Financial Details
    • Pricing Details
      • Original list_price:$1, 700, 000
      • Selling office_commission:2
      • Annual taxes:$3, 056
  • Other
    • Source
      • MLS #:1932033

Location

Brie GrovesReal Estate Group
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