About this property

Two income-producing homes with excellent future development potential in the heart of Vashon Town. These contiguous R-12 parcels are each improved with a well-maintained 3BR/2BA manufactured home and supported by three water shares for each parcel. The subject property is leased to a long-term tenant at $3,050/month, including use of the detached garage. Seller’s preference is to sell together with 17402 97th Pl SW, also zoned R-12 and currently rented for $2,400/month, creating a two-property package with six total water shares and strong existing income while development is planned and permitted. Also available is adjoining MLS #2586393, a five-plex producing $8,175/month. Acquisition of all three properties creates a rare assemblage opportunity with 7 existing dwelling units, approximately 1.16 acres of R-12 land and 12 total water shares. Development potential across the combined parcels, subject to County and utility approval. Ideal for investors seeking stable income, developers evaluating future infill, or buyers considering phased redevelopment. Buyer to independently verify zoning, water availability, density, utility capacity, development feasibility and all intended uses. Please respect tenant privacy; interior access after accepted offer with appropriate contingency. Sewer, water, gas & xfinity cable for utilities.