Updated over 8 years ago on . Most recent reply
12 TOWNHOUSES DEVELOPMENT OPPORTUNITY IN SEATTLE
This development opportunity is in South Delridge neighbourhood. The area has been having an average yearly appreciation of 15.2% over the last 5 years (according to Zillow).
You can build up to 12 townhouses on the lot (1,550 sq ft each with 1-car attached garage). Today's market sale price for a newly built townhouse in the neighborhood is $524,950. If appreciation continues at the same rate, in 2 years, each townhouse can be worth up to $699,950.
There are 2 existing houses on the property right now that can be rented while the permits are getting obtained.
Contact me for more info.
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