547 S Sullivan Street, Seattle, WA 98108
- $625,000
- 1,250
- SqFt
Listing Broker: Inspire Realty; Autumn Allen; 206-604-3160; autumn@luxsolarisrealty.com
- List Price
- $625,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2584800
- Subtype
- Residential Income
- Style
- 52 - Duplex
- Year Built
- 1905
- Living Area
- 1,250
- Lot Size
- 4,500
- Acres
- 0.10
- Subdivision
- South Park
- Neighborhood
- South Park
- MLS Area Major
- West Seattle
Property Description
Exceptional investment or house-hacking opportunity featuring a 6.5% Cap Rate and strong immediate cash flow in an area already transformed. Situated on a 4,500 SF LR3-zoned lot at the end of a quiet, redeveloped street, this unique property comprises two fully detached, well-maintained cottages with zero shared walls. The spacious 2-bedroom front unit and the 1-bedroom rear unit—complete with a private double driveway and new security gate—generate a combined gross income of over $4000 per month. Boasting 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. Book tour today!
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Additional Information
- Amenities
- Thermal Windows
- Exterior Features
- Cement Planked
- Property Description
- 52 - Duplex
- Flooring
- Vinyl, Vinyl Plank, Carpet
- Heating
- Wall Furnace
- Air Conditioning
- None
- Roof
- Composition
- School District
- Seattle
- View
- Territorial
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