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Key Details
Sold Price $1,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,052 sqft
Price per Sqft $124
MLS Listing ID 25-7050
Bedrooms 26
Full Baths 15
Year Built 1977
Annual Tax Amount $13,852
Lot Size 0.287 Acres
Property Description
Priced at an 8.4% CAP this 14 unit investment property is a turn-key, money making operation from the start with a great property manager in place that would love to keep managing this building. Extensive improvement and capital expenditures have gone into this building to make it an easy to maintain investment for the next owner. Many of the units have been remodeled and updated. See pro forma.
Location
State AK
Area 50 - Post Rd - Glenn Hwy
Zoning R4 - Multiple Family Residential
Building
Lot Description Level
Sewer Public Sewer
New Construction No
Schools
Elementary Schools William Tyson
Middle Schools Clark
High Schools Bettye Davis East Anchorage
Others
Acceptable Financing AHFC, Cash, Conventional
Listing Terms AHFC, Cash, Conventional
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The Mary Cox Real Estate Team
Broker Associate | License ID: AK11792
Broker Associate License ID: AK11792