UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $223
MLS Listing ID 25-11929
Bedrooms 8
Full Baths 4
Construction Status Existing Structure
Year Built 1964
Lot Size 7,500 Sqft
Acres 0.17
Property Sub-Type Fourplex
Source Alaska Multiple Listing Service
Property Description
Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR.
Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building.
Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return.
Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent.
Location
State AK
Area 40 - Seward Hwy To Boniface Pkwy
Zoning R2D - Two Family Residential
Direction East on Debarr, R on Columbine. Property is on the corner of Columbine and 15th Ave.
Interior
Heating Baseboard, Natural Gas
Flooring Tile, Carpet
Exterior
Roof Type Shingle
Building
Lot Size Range 0.17
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Airport Heights
Middle Schools Wendler
High Schools Bettye Davis East Anchorage
Others
Tax ID 0041241100001
Acceptable Financing Cash, Conventional, FHA, VA Loan, Assumable
Listing Terms Cash, Conventional, FHA, VA Loan, Assumable
AFFORDABILITY ESTIMATOR
Quite affordable.
LEARN THE BUYING BASICS
... thinking outside the box
I'm a real estate agent with honest insight about a controversial market.
Schedule time and let's chat.
-Adam