$2,265,000
Anchorage, AK 99515
MLS# 21-15337
Status: Closed
2 beds | 21 baths | 7140 sqft
1 / 20
Property Description
Attention Investors! South Anchorage 21plex, studs out rebuild in 2017! 2 story-20 unit building, all airy efficiency units (one built to ADA specs), a large 2 bed ranch home (with soaring 10 ft ceilings) with boiler and laundry service for the main building, detached 2 car garage. No stone left unturned, with new electrical, plumbing, roof, siding, windows, boilers, appliances, all cosmetics.
Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 2265000
Date-Listing: 2021-09-28
Status: Closed
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW2932
Tax Map #-Mat-Su: N/A
Legal: Recycled Properties L2
School-Elementary: BTV-Undiscl by LL
School-Middle: BTV-Undiscl by LL
School-High: BTV-Undiscl by LL
Assessed Value: 24433
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 21
Bathrooms Total: 21
Bldgs-Ttl #: 1
Acres: 0.78
SF-Lot: 33959
Lot Area Source: Tax Authority
Year Remodeled: 2017
Year Updated: 2017
Zoning: B3 - General Business
Garage Spaces: 1
Carport Spaces: 0
Prkg Spcs: 24
Beds: 2
Year Built: 1970
SF-Res: 7140
Number of Units: 21
Directions and Remarks
Directions: South along Old Seward, pass Huffman round about, property will be on the right hand side.
Multi-Family Type
Apartment Style: 1
Building Info
Builder Name & Co: Recycled Properties
Units- # of Effcncy: 20
Units- # of 2 BR: 1
Vacancy Rate: 1
Listing Terms Financing
AHFC: 1
Cash: 1
Conventional: 1
Exterior Finish
Metal: 1
Stucco: 1
Heating
Baseboard: 1
Natural Gas: 1
Roof Type
Rubber: 1
Construction Type
Block: 1
Wood Frame: 1
Foundation Type
Block: 1
Slab: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
None: 1
Wtrfrnt-Frontage
None: 1
Flooring
Luxury Vinyl: 1
Sewer-Type
Public Sewer: 1
Access Type
Paved: 1
Maintained: 1
Features-MultiFamily
Smoke Detector(s): 1
Tenant Storage: 1
Washer/Dryer: 1
Income & Expenses
Exp-Elec/Yr Avg: 7440
Exp-Gas/Yr Avg: 4980
Exp-Insurance/Yr Avg: 6528
Exp-Snow/Yard/Yr Avg: 5004
Exp-Wtr/Swr/Yr Avg: 2856
Sold Info
Date-Pending: 2021-10-24
Date-Closing: 2021-12-06
Location Tax and Legal
Area: 20 - Dimond South
Street #: 13496
Street Name: Old Seward
Arterial: Highway
Closest USPS Town: Anchorage
State: AK
Zip Code: 99515
Property Features
Multi-Family Type: Apartment Style
Exterior Finish: Metal; Stucco
Roof Type: Rubber
Foundation Type: Block; Slab
Construction Type: Block; Wood Frame
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Access Type: Paved; Maintained
View Type: Mountains
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Smoke Detector(s); Tenant Storage; Washer/Dryer
Flooring: Luxury Vinyl
Listing Terms Financing: AHFC; Cash; Conventional
Supplements
Known as Beluga Flats (see the metal whale sign!), this property sits on nearly 34,000 square feet of buildable, high density zoning (B-3 zoning) and allows for both residential and commercial use. The parking lot is seal coated and painted. Loads of parking with the potential to build covered parking for extra income. This property is being offered for sale at $2,265,000 or a 6.65% cap rate based on profit and loss data. Take advantage of historically low commercial financing rates with commercial financing rates in the low to mid 4% range! Take advantage of the fact that this investment will have no significant deferred maintenance for years to come. Of the hundreds of commercial multifamily properties in Anchorage, this is one of the handful built in the last decade and it shows with operating expenses thousands of dollars less than comparably sized 1960's and 70's properties.
IDX
Listing Office: Buyers Real Estate, LLC
Last Updated: September - 27 - 2024
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.