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!
| MLS # | 2584800 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 51 |
| Listing Provided By | Inspire Realty | Autumn Allen |
| SQ Feet | 1,250 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Acreage | 0.10 |
| Property View | Yes |
| Property | 4728 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98108 |
| Area | 140 West Seattle |
| Community Name | South Park |
| Listing VS Median (in South Park) | |
Price: $594,000 low | high Med: $499,950 sqft: 1,250 low | high Med: 1,056 $ / sqft: $475 low | high Med: $475 On site: 51 low | high Med: 43.5 | |
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98108 |
| Area | 140 West Seattle |
| Community Name | South Park |
| Listing VS Median (in South Park) | |
Price: $594,000 low | high Med: $499,950 sqft: 1,250 low | high Med: 1,056 $ / sqft: $475 low | high Med: $475 On site: 51 low | high Med: 43.5 | |