NOT LISTED FOR SALE

17123 Coronado Rd Eagle River, AK 99577

Eagle River Neighborhood
12 Beds
8 Baths
5,280 Sq Ft
6,534 Sq Ft Lot

Last Sold May 10, 2024

4 Days on Market

Highlights

  • Views
  • Gruening Middle School Rated A-
  • Baseboard Heating

About This Home

As of May 2024

Introducing an unparalleled investment opportunity: a rare 4-plex situated in the heart of Eagle River, a location marked by its scarcity of multi-family units and historically low vacancy factor. This property not only stands out for its rarity but also offers a compelling value proposition for investors keen on tapping into a high-demand area.With an average rental rate of $1,690 per unit. Each unit, featuring three bedrooms and 2 baths and an exclusive washer and dryer in each unit, ensuring high tenant satisfaction and retention.This 4-plex is not just a real estate asset; it represents a scarce investment in a prime location with a strong income stream, low vacancy risk, and high tenant appeal. It's an exceptional addition to any investment portfolio, offering a solid blend of income stability and growth potential in Eagle River's thriving rental market.Capitalize on this unique opportunity to invest in a property that promises both immediate returns and long-term value appreciation.

Last Agent to Sell the Property

Justin McGhee

Cornerstone Realty License #18120 Listed on: 03/05/2024

Last Buyer's Agent

Tyler Cobb

Real Broker Alaska License #167135

Real Broker Alaska

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 6,534

Parking

  • 8 Parking Spaces

Home Design

  • 5,280 Sq Ft Home
  • Quadruplex
  • Block Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Schools

  • Eagle River Elementary School
  • Gruening Middle School
  • Eagle River High School

Additional Features

  • 6,534 Sq Ft Lot
  • Baseboard Heating
  • Property Views

Community Details

  • 4 Units
  • Gross Income $81,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: Head north on Old Glenn Highway. Take a left onto Coronado Road. 4plex is located on the left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built: 1984
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 5280

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Block
  • Property Condition: Existing Structure
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Eagle River
  • High School: Eagle River
  • Middle Or Junior School: Gruening

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6534
  • Mobile Dim Units: Feet
  • Zoning Description: Residential Office
  • Zoning: CE-RO
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 81120

Tax Info

  • Tax Map Number: N/A

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold -- -- --
03/11/2024 03/11/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $750,000 -- $142 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Justin McGhee

    Cornerstone Realty

    (907) 350-7077

    4 in this area

    50 Total Sales

    Justin McGhee
    Section Image

  • T

    Buyer's Agent in 2024

    Tyler Cobb

    Real Broker Alaska

    (907) 297-2922

    6 in this area

    37 Total Sales

    Tyler Cobb
    Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 24-2150

Alaska Multiple Listing Service
Alaska Anchorage Borough Eagle River 99577 Eagle River

17123 Coronado Rd, Eagle River, AK

This home is located at 17123 Coronado Rd, Eagle River, AK 99577 since 05 March 2024. This property was built in 1984. 17123 Coronado Rd is a home located in Anchorage Municipality with nearby schools including Eagle River Elementary School, Gruening Middle School, and Chugiak High School.

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