$750,000
Eagle River, AK 99577
MLS# 24-2150
Status: Closed
12 beds | 8 baths | 5280 sqft
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Property Description
Introducing an unparalleled investment opportunity: a rare 4-plex situated in the heart of Eagle River, a location marked by its scarcity of multi-family units and historically low vacancy factor. This property not only stands out for its rarity but also offers a compelling value proposition for investors keen on tapping into a high-demand area. With an average rental rate of $1,690 per un
Details
Maps
Contract Info
Price-List: 750000
Date-Listing: 2024-03-05
Status: Closed
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2024-03-11
Date-Closing: 2024-05-10
Location Tax and Legal
Area: 90 - Eagle River
Street #: 17123
Street Name: Coronado
Arterial: Road
Closest USPS Town: Eagle River
State: AK
Zip Code: 99577
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 12
Bathrooms Full: 8
Bathrooms Total: 8
Bldgs-Ttl #: 1
Year Built: 1984
Year Updated: 2023
SF-Res: 5280
Number of Units: 4
SF-Lot: 6524
Acres: 0.15
Prkg Spcs: 8
Lot Area Source: Other
Zoning: CE-RO Residential Office
Directions and Remarks
Directions: Head north on Old Glenn Highway. Take a left onto Coronado Road. 4plex is located on the left.
Building Info
Units-# of 3 BR: 4
Property Features
Multi-Family Type: Four-Plex
Exterior Finish: Wood
Roof Type: Shingle
Foundation Type: Block
Heating: Baseboard
Sewer-Type: Public Sewer
View Type: Mountains
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
To Show: ShowingTime
Supplements
it. Each unit, featuring three bedrooms and 2 baths and an exclusive washer and dryer in each unit, ensuring high tenant satisfaction and retention.
This 4-plex is not just a real estate asset; it represents a scarce investment in a prime location with a strong income stream, low vacancy risk, and high tenant appeal. It's an exceptional addition to any investment portfolio, offering a solid blend of income stability and growth potential in Eagle River's thriving rental market.
Capitalize on this unique opportunity to invest in a property that promises both immediate returns and long-term value appreciation.
Listing Office: Cornerstone Realty
Last Updated: September - 16 - 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.