8649 Renton Avenue S Seattle, WA 98118

Pending (47 Days)

$495,000

4,750

SQFT

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Description

Opportunity awaits in this LR2 zoned property in the Rainier Beach Urban Village zone, just 1.5 blocks from the Link Light Rail Station. Bring your vision to this one level rambler and reap the benefits of owning in this soon to be expanding neighborhood ripe for development. A great chance for the savvy investor or first time home buyer to gain some equity as the area is reinvented. Garden Space and lots parking. Super convenient location for commuters! Preliminary feasibility study says this property may support a small apartment development of 15-20 units. It would also support a small townhouse project. Rent it out while awaiting permits and development.

MLS #:
2298413

Taxes
$3,838(2024)

Lot Size
4,750 SQFT

Type
Land

Style
Multi-Family

School District
Seattle

County
King County

Community
Rainier Beach

Listed By

Sabranie Coyne, Windermere Real Estate Mount Baker

Source
Northwest MLS as distributed by MLS Grid
Last checked Nov 24 2024 at 12:07 AM GMT+0000

Bathroom Details

Subdivision

Rainier Beach

Lot Information

Curbs
Paved

Property Features

Fireplace: 0

Utility Information

Utilities: Electricity Connected
Sewer: On Property

School Information

Elementary School: Dunlap
Middle School: Aki Kurose
High School: Rainier Beach High

Additional Listing Info

Buyer Brokerage Compensation: 3

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Location

Map View | Street View

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 11/23/24 16:07. 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.