B
Seller's Agent in 2024
Buyers Real Estate Team
Buyers Real Estate, LLC
Outstanding income property with open sizeable 2 beds Close to all of the spots tenants desire; chic restaurants, bars & iconic green space within easy walking distance. This 12 plex stands tall above the rest producing strong cash flow w room to increase future rents. Seller has done heavy refreshes on 8 of 12 units.Have your clients marvel at the curb appeal from the new paint job!Since acquiring the property seller has filled with building with reliable tenants. We remodeled 8 of the units and did partial updates on bathrooms and appliances on the others. - 30-40% of the electrical system (per the seller)
- A significant amount of the plumbing throughout the building has been replaced
- Rents have been increased significantly with an additional increase to around $16,000 monthly rental income being easily attainable
- Seller reports spending six figures on strategic value add building upgrades including:
- New exterior paint, exterior deck and railing system, many new windows, the bulk of the building has new front doors, quality resealing of the parking lot (done so that water slopes away from the building), all new exterior electrical, renovated laundry room, storage unit upgrades, Remodeling of 8 units. We did full remodels on most of these. There are few we kept the original cabinets. Cost= Appox $115,000 Exterior Paint. Cost = $30,000 Decking repair and new railings $40,000
All new front windows , some new back windows $40,000
New front doors (not all) $3,000 Paving/Crack sealing/ New lines/ Sloping water away from building. Cost. $14,000
New Exterior electrical. Cost $4500 Painting/Drywall/floor coating for laundry room. Cost $4000
Storage unit repairs Cost $3K Some work is still being completed (for example some of the larger windows needed to be ordered specifically) but all planned work will be completed.
Last Agent to Sell the Property
Buyers Real Estate Team
Buyers Real Estate, LLC License #500091 Listed on: 06/09/2024
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2024 10/30/24 | Sold | -- | -- | -- | |
| 06/25/2024 06/25/24 | Pending | -- | -- | -- | |
| 06/10/2024 06/10/24 | For Sale | $1,350,000 | +54.3% | $139 / Sq Ft | |
| 07/20/2021 07/20/21 | Sold | -- | -- | -- | View Prior Sale |
| 12/04/2020 12/04/20 | Pending | -- | -- | -- | |
| 12/22/2018 12/22/18 | For Sale | $875,000 | -- | $90 / Sq Ft |
B
Seller's Agent in 2024
Buyers Real Estate Team
Buyers Real Estate, LLC
Buyer's Agent in 2024
Keenan Fitzpatrick
Real Broker Alaska
(907) 351-7812
10 in this area
120 Total Sales
Seller's Agent in 2021
Jesse Knight
Real Estate Brokers of Alaska
(907) 223-0558
10 in this area
66 Total Sales
Source: Alaska Multiple Listing Service
MLS Number: 24-6872