NEW! Buy and sell safely with virtual options - Learn More
About the Listing 6522 - 120313
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!
Listing Highlights for 547 S Sullivan St
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces: 0
- Floor: Vinyl,Vinyl Plank,Carpet
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Curbs,Dead End Street,Paved,Secluded,Sidewalk,Fenced-Fully,High Speed Internet
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof: Composition
- Others: Cement Planked,Very Good
- Sewer: Sewer Connected
- Parking Features: Covered
Financial Details
- Tax Amount: $4,728
- Taxes w/Assessments: N/A
- Tax/Property ID: 7883600700
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
547 S Sullivan St Seattle, WA 98108
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
