547 S Sullivan Street in Seattle

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!

This listing is provided courtesy of NWMLS.
Listing Broker: Inspire Realty; Autumn Allen.

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