2201 NW 62nd St $2,875,000


    2201 NW 62nd St Seattle, WA 98107

    • 0 Beds
    • 0 Baths
    • 5,319 sq.ft.
    • Multi-Family
    Listing# 1493848 | Active
    Days On Market: 85 2 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    The perfect development opportunity. Large, flat, square corner lot with new LR2 (m) zoning allows for significant development potential. Very little to no lot improvement work needed for a multitude of development possibilities. Buyer to verify. Significant rental upside allows for increase of gross scheduled rent to 168,600. 94 Walk score.

    • General Features
      • County King
      • Style 56-10+ Units
      • Number of Stories 1
      • Number of Units 10
      • Year Built 1954
      • Lot Dimensions 100 x 100
      • Lot Details Corner Lot, Curbs, Paved Street, Sidewalk, Value In Land
      • Lot Square Footage 10,000
      • Site Features Gas Available
      • County King
    • Building Features
      • Approx SqFt 5,319
      • Roof Flat
      • Exterior Wood Products
      • Amenities Basement, Coin Op Laundry, Storage
      • Floor Covering Ceramic Tile, Hardwood, Laminate Tile, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $12,000
      • Net Operating Income $78,153
      • Gross Scheduled Income $111,815
      • Gross Adjusted Income $110,697
      • Total Expenses $32,544
      • Other Expenses $3,700
      • Insurance Expenses $2,506
      • Expenses $32,544
      • Heating Expenses $0
      • Electrical Expenses $567
      • Gross Rent Multiplier 26
    • Utilities and Taxes
      • Tax Year 2018
      • Tax Amount $17,432
      • Energy Source Electric, Natural Gas
      • Heating and Cooling Radiant, Radiator
      • Water Company Public Utilities
      • Sewer Company Sewer Connected
    • Schools
      • School District Seattle



    98107 (Seattle) Demographics

    35Median Age
    11,031Population Density (per sq. mile)
    78%College Educated
    $81,808 Estimated Median Income
    4,634Estimated Total Home Owners
    7,795Estimated Total Renters
    37% / 63%Estimated Owner / Renter Divide
    4Estimated Average Household Size
    24,179Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $747,475 Median Sales Price
    34 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,875,000
        9/2/2019 8:41:12 AM Price Reduced Source New Value: $2,875,000 -3.36%
        7/20/2019 4:12:00 PM New in Database Source New Value: $2,975,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.

        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.