Solid duplex and value in the land, zoned R14 (14 units per acre), level & flat desirable land next to new school. Listing next door (2733 NE 16th St.) also available for sale and must be purchased together (MLS#1126219). The two lots combine to create 27,094 sf of developable land. Preapp complete & layout shows up to 9 townhouses can fit on both sites. The current duplex is in great condition and is rented for a monthly cash flow of $2,715 per month. Have instant cash flow while you finish the permitting process and there are even plans to keep the existing duplex or remove it to develop the full 9 units. The current Duplex features two separately metered units, newer roof, updated electrical and plumbing, all hard flooring surfaces, no carpet. Unit B has granite counter tops and SS appliances. Buyer to verify all details with City of Renton.
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