$1,750,000
Anchorage, AK 99517
MLS# 24-11650
Status: Closed
31 beds | 16 baths | 15571 sqft
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Property Description
This 8-unit community presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management. Gross annual income: $223K. Annual Op Ex: $56K. NOI: $166K. 4-bedroom units increasing to $2,500/mo upon lease expiration allows for increased ROI for an investor after acquisition. Property being sold as-is, where-is.
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 1750000
Date-Listing: 2024-09-09
Status: Closed
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1727
Tax Map #-Mat-Su: N/A
Legal: Willard #2 TR 28
Taxes (Estimated): 20536.38
Tax Year: 2024
School-Elementary: Northwood
School-Middle: Romig
School-High: West Anchorage
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 16
Bathrooms Total: 16
Bldgs-Ttl #: 1
Acres: 0.49
SF-Lot: 21320
Lot Area Source: Tax Authority
Zoning: R2M - Multi Family Residential
Garage Spaces: 16
Carport Spaces: 0
Prkg Spcs: 12
Beds: 31
Year Built: 2009
SF-Res: 15571
Number of Units: 8
Directions and Remarks
Directions: Refer to Google Maps or any alternative maps application.
Multi-Family Type
Side by Side: 1
5+ Units: 1
Building Info
Units-# of 3 BR: 1
Units- # of 4+ BR: 7
Vacancy Rate: 0
Listing Terms Financing
1031 Exchange: 1
AHFC: 1
Cash: 1
Conventional: 1
Exterior Finish
Vinyl: 1
Heating
Forced Air: 1
Natural Gas: 1
Topography
Level: 1
Roof Type
Asphalt: 1
Construction Type
Block: 1
Wood Frame - 2x6: 1
Foundation Type
Block: 1
View Type
Mountains: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Tuck Under: 1
Wtrfrnt-Frontage
Creek: 1
Carport Type
None: 1
Flooring
Laminate: 1
Luxury Vinyl: 1
Sewer-Type
Public Sewer: 1
Water Source
Public: 1
Access Type
Dedicated Road: 1
Paved: 1
Maintained: 1
Features-MultiFamily
In City Limits: 1
Smoke Detector(s): 1
Washer/Dryer: 1
Docs Avl for Review
Lease: 1
Income & Expenses
Income-Net Operating: 177000
Income-Rent Mo Total: 18750
Sold Info
Date-Pending: 2024-12-03
Date-Closing: 2025-02-10
Location Tax and Legal
Area: 10 - Spenard
Street #: 2700
Street Name: McRae
Arterial: Road
Closest USPS Town: Anchorage
State: AK
Zip Code: 99517
Property Features
Multi-Family Type: Side by Side; 5+ Units
Exterior Finish: Vinyl
Roof Type: Asphalt
Foundation Type: Block
Construction Type: Block; Wood Frame - 2x6
Garage Type: Tuck Under
Carport Type: None
Heating: Forced Air; Natural Gas
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Dedicated Road; Paved; Maintained
View Type: Mountains
Topography: Level
Wtrfrnt-Frontage: Creek
Wtrfrnt-Access Near: None
Features-MultiFamily: In City Limits; Smoke Detector(s); Washer/Dryer
Flooring: Laminate; Luxury Vinyl
Docs Avl for Review: Lease
Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional
Offering Memorandum 
IDX
Listing Office: Jack White Commercial
Last Updated: February - 10 - 2025
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.