547 S Sullivan ST, Seattle, WA 98108
547 S Sullivan ST, Seattle, WA 98108
547 S Sullivan ST, Seattle, WA 98108
547 S Sullivan ST, Seattle, WA 98108
547 S Sullivan ST, Seattle, WA 98108
547 S Sullivan ST, Seattle, WA 98108
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Alex Motroc

Alex Motroc

+1(206) 701-4552
Listed by:Inspire Realty • Autumn Allen
$ 594,000
Est. payment | /mo

3 Beds

2 Baths

1,250 SqFt

Save
$ 594,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $475

Subdivision South Park

MLS Listing ID 2584800

Style 52 - Duplex

Bedrooms 3

Year Built 1905

Annual Tax Amount $4,728

Lot Size 4,500 Sqft

Property Sub-Type Multi Family

Property Description

Rate buy down + Solid cash flowing duplex with DSCR around 1.135 in the recently re-developed LR3(m) zoned South Park area. Brand New Interior Paint in Front 2bed1bath unit. Brand new W/D in back unit. Both roofs have been cleaned with no leaks. This is one of the last properties to develop! Near $4000 in monthly revenue with loyal happy tenants. Enjoy owning this income-producing low-maintenance asset or house-hack by living in one of the cottages. South Park has massively transformed with attractive townhomes surrounding, walkable amazing coffee shops like Little Jaye and local eateries. Situated on a 4,500 fully fenced private dead end street, this unique property boast two independent cottages with ZERO shared walls and separate meters making utilities a breeze. The tenants love the privacy and have been there since 2022. The spacious front cottage features an open 2 Bed 1 Bath + Living Room plus free easy parking front and the rear 1-bedroom rear unit is complete with a private double driveway facing gorgeous townhomes and new driveway rolling gate. With an effective year built of 2022, the turnkey asset features updated paint, flooring, and appliances, while offering a massive future development play surrounded by new townhomes. Seller is executing 1031 exchange. Schedule your tour today!

Location

State WA

County King

Area 140 - West Seattle

Interior

Flooring Vinyl, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Fenced-Fully, High Speed Internet

View Y/N Yes

View Territorial

Roof Type Composition

Building

Lot Description Alley, Curbs, Dead End Street, Paved, Secluded, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, State Bond, VA Loan

Listing Terms Cash, Conventional, FHA, State Bond, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Alex Motroc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 701-4552

realestate@alexmotroc.com

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547 S Sullivan ST