$3,250,000
Salcha, AK 99714
MLS# 23-12903
Status: Closed
70 beds | 70 baths | 41768 sqft
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Property Description
70 Unit, 2 bedroom 1 bath, Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity. Capital upgrades include three new Buderus Boilers with Tekmar controller (2006), Hot water maker (2009), Fuel-Saving
Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 3250000
Date-Listing: 2021-04-30
Status: Closed
Location, Tax and Legal
Region: 3 - Interior & North Alaska Regions - All
Borough/Census Area: 3C - Fairbanks North Star Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: 2S 3E Tr A1-B1, C-D
Taxes (Estimated): 49982
School-Elementary: BTV-Undiscl by LL
School-Middle: BTV-Undiscl by LL
School-High: BTV-Undiscl by LL
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 70
Bathrooms Total: 70
Bldgs-Ttl #: 8
Acres: 6.5
SF-Lot: 283140
Lot Area Source: Other
Zoning: GU1 - General Use
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 116
Beds: 70
Year Built: 1985
SF-Res: 41768
Number of Units: 70
Directions and Remarks
Directions: Richardson Hwy to L on Hope St, take 2nd L to stay on Hope St, L on Old Rich, 2nd R onto Bellwood St, Cross Railroad Tracks, Complex on the Left.
Multi-Family Type
Apartment Style: 1
Building Info
Units- # of 2 BR: 70
Heating
Baseboard: 1
Other: 1
See Remarks: 1
Foundation Type
Unknown - BTV: 1
Wtrfrnt-Access Near
None: 1
Wtrfrnt-Frontage
None: 1
Sewer-Type
Public Sewer: 1
Sold Info
Date-Pending: 2021-09-20
Date-Closing: 2022-05-03
Location Tax and Legal
Area: 765 - Salcha
Street #: 3397
Street Name: Bellwood
Arterial: Street
Closest USPS Town: Salcha
State: AK
Zip Code: 99714
Property Features
Multi-Family Type: Apartment Style
Foundation Type: Unknown - BTV
Heating: Baseboard; Other; See Remarks
Sewer-Type: Public Sewer
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Supplements
Coal boiler (2009),Engineered Septic System and leach field (2003), New Well system (2005) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Building to remain on property after connection to North Pole City Water. Staff includes an on-site manager, one maintenance personnel and a cleaner. All units are nicely maintained and the grounds are in superb condition. On-site maintenance shop makes for quick work of any needed repair. The on-site laundry room is clean and tidy and has 5 coin-operated washers and dryers for tenant needs. Rent roll shows outstanding high occupancy rates with minimal, if any, vacancies. Financials and Analysis package available upon request with signed non-disclosure and proof Financial Eligibility to purchase. Great opportunity for adding additional rental units or storage units on the south side of the parcel,
IDX
Listing Office: Non-Member Office
Last Updated: August - 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.