1056 S Sullivan St, Seattle, WA 98108
- $1,141,829
- 2,600
- SqFt
- List Price
- $1,141,829
- Status
- ACTIVE
- MLS#
- 2073017
- Days on Market
- 14
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,600
- Lot Size (sq ft)
- 6,000
Property Description
Micro Unit Developers, Contractors, and Investors seize the opportunity in the highly coveted South Park area! This up-and-coming location offers fantastic walkability to local shops and eateries and boasts a sprawling corner lot with an alley. According to SMC 23.44.006.B, you can build apartments, carriage houses, cottage housing development, rowhouse development, and townhouse developments in RSL zones. Imagine having up to three apartment dwelling units! Don't miss out on this lucrative opportunity to expand your portfolio. The lot is 6,000sqft \ 2000sqft = 3 lots Don't miss out on this prime investment opportunity! Property is Sold "AS-IS, WHERE-IS condition, Seller will not complete any repairs or potential work orders.
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Additional Information
- List Date
- 2023-05-25 19:32:19
- Community
- South Park
- Potential Terms
- Cash Out
- Year Built
- 1901
- View
- Territorial
- Roof
- Composition
- School District
- Seattle
- Elementary School
- Concord
- Middle School
- Denny Mid
- High School
- Sealth High
- Total Monthly Income
- $7,800
- Gross Scheduled Income
- $55,200
- Gross Adjusted Income
- $32,652
- Tax Year
- 2023
- Insurance Expense
- $963
- W/S/G Expenses
- $8,393
- Total Expenses
- $20,484
- Net Operating Income
- $32,652
- Gross Rent Multiplier
- 13
- Cap Rate
- 4
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Listing courtesy of NWMLS / Keller Williams North Seattle
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