$599,580

3 Beds 2 Baths 1,250 SQFT 0.10 Acres
Type: Multi-Family

547 S Sullivan Street
Seattle, WA 98108

MLS#: 2584800
Presented by: Inspire Realty and NWMLS

Property Description

 

New Price! Best priced duplex within 5 miles grossing over $4000 in monthly revenue with loyal happy tenants. Enjoy owning this income-producing low-maintenance asset or house-hack your way to financial freedom by living in one of the cottages. South Park has massively transformed with attractive townhomes surrounding and walkable amazing coffee shops like Little Jaye and local eateries. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped 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. Back Rear Cottage has brand new Washer & Dryer. Seller is executing 1031 exchange. Schedule your tour today!


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories1

General

AmenitiesThermal Windows
Building Area Units0 sqft
Cap Rate6.25
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsHeading E on Cloverdale, then take a L of 5th Ave S, then R on S Sullivan St. Nice Private dead end street.
Electric Expense0
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High School DistrictSeattle
Insurance Expense1264
Leasable Area1,250 sqft
Listing TermsCash, Conventional, FHA, State Bond, VA Loan
Living Area0 sqft
Lot Size Square Feet4,500 sqft
Lot Size UnitsSquare Feet
MLS Area140 - West Seattle
NWM_ShowMapLinkY
Net Operating Income39695
New ConstructionNo
Number Of Units Total2
PossessionClosing
Property ConditionVery Good
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksNew Price! Best priced duplex within 5 miles grossing over $4000 in monthly revenue with loyal happy tenants. Enjoy owning this income-producing low-maintenance asset or house-hack your way to financ
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameSouth Park
Tax Annual Amount$4,728
Tax Year2025
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water Sewer Garbage2457
Year Built1905

Exterior

Building Area Total1,250 sqft
Covered Spaces0
Exterior AmenitiesCement Planked
Foundation DetailsPillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Dead End Street, Paved, Secluded, Sidewalk
Lot Size Acres0.1033
Parking Uncovered Total4
Site FeaturesFenced-Fully, High Speed Internet
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$599,580

3 Beds 2 Baths 1,250 SQFT 0.10 Acres
Type: Multi-Family

547 S Sullivan Street
Seattle, WA 98108

MLS#: 2584800