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- LoopNet Team
6950 S 123rd St
Seattle, WA 98178
53- Unit Skyway Opp Zone Development Site · Land For Sale
·
2.00 AC
Investment Highlights
- 53-Units in Studios, 1-3 Bedrooms & Townhomes
- Easy I-5 & I-405 Access
- Opportunity Zone
Property Facts
Description
All building, engineering & structural design are approved. All permits are ready to be issued. This development site is proposed for building 52 units with a mix of studios, 1-bed, 2-bed, 3-bed & townhomes units. Located in the outskirts of Seattle, it is in the federally-designated Opportunity Zone with light walking distance to Skyway Park, easy access to I-5 & I-405, few minutes to SeaTac International Airport. The operator of the completed project may benefit from the recent annual rent growth of at least 5% per year. Also, an investor looking for favorable treatment of capital gains taxes on most investment vehicles may benefit from the Opportunity Zone designation of the site.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $845,300 | Total Assessment | $845,300 |
Property Taxes
