This home anchors a 1.53 acre, 8 parcel development opportunity w/views of Budd Bay, Marina, Olympics, Capitol & Black Hills. Currently home generates monthly income for investment partners pursuing development as either a 40 unit apartment complex or 17 view townhomes with 3 townhomes on Pear/Prospect lots. Developers are near completion on permitting for townhouse project and will consider a joint venture or cash out including plans, surveys and permitting in process. There is also an opportunity for a fractional ownership/partnership investment for either multi-family apartment complex or townhouse project. Townhouse community plans submitted to City available for review. Outstanding location with views and proximity to city amenities.
This listing is provided courtesy of NWMLS, contributed by Pettit Realty LLC.
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