Description
Great corner lot for townhomes on an alley, 3 blocks from Magnolia Playfield and seven blocks from the Magnolia shopping center. The 5900sf lot is perfect for developing 5 townhomes under LR1 (M) zoning. Current permitting allows 1 unit per 1,150sf under this zoning. The current apartment houses have four units that are 2 bedroom 1 bath each which currently produce an annual NOI of $63,814 while permitting. Apartments have washer/dryers and there are 4 parking spots off of the alley. Please do not bother the Tenants.
Property Details
Listing Status
Active
Source ID
2250709
Source ID
NWM143213307
County
King
Neighborhood
Magnolia
Additional Resources
Corporate Website
Home - Ewing & Clark Inc.
LuxuryRealEstate.com
This listing on LuxuryRealEstate.com
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Based on information submitted to the MLS GRID as of 2024.
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