$965,000
SOLD NOV 16, 2018
Last list price
24 Beds
12 Baths
11,560 Sq Ft
0.58 Acres

Recently Sold

$83 Per Sq Ft

18 Days on Market

About This Home

As of September 2023

12-plex in desirable location near Cheney Lake! 2-6-plexes, large parking area w/ carports&exterior storage units. All 2 bed/1 bath w/ balconies. Lower level windows replaced w/ dbl pane vinyl. Roofs replaced 2004. 1840 boiler 3 years old, 1900 boiler 10 years old. Tenants pay electric and 8 of 12 pay gas prorate. Coin opp WD owned by Seller. Room to add stackables for more income!

Last Agent to Sell the Property

Lawrence Ross

Buyers Real Estate, LLC

Co-Listed By

Ayla Rogers

Buyers Real Estate, LLC License #18460

Last Buyer's Agent

Lisa Huston

Eagle River Realty License #15795

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,200

Year Built

  • Built in 1970

Home Design

  • 11,560 Sq Ft Home
  • Slab Foundation
  • Membrane Roofing
  • Bitumen Roof
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Full Bathrooms

Parking

  • 20 Parking Spaces
  • Carport

Schools

  • Baxter Elementary School
  • Begich Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 0.58 Acre Lot
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $11,760

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • Electric Expense $4,308
  • Fuel Expense $4,080
  • Insurance Expense $6,000
  • Maintenance Expense $5,508
  • Other Expense $2,100
  • Professional Management Expense $9,984
  • Trash Expense $3,168
  • Water Sewer Expense $9,132
  • New Taxes Expense $10,150
  • Operating Expense $58,176
  • Gross Income $136,164
  • Net Operating Income $77,988

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,200

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.58
  • Professional Management Expense: 9984
  • Co List Office Mls Id: 839
  • Co List Office Phone: 907-561-2227
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family, Apartment Style
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Full Bathrooms: 12
  • Total Bedrooms: 24
  • Living Area: 11560

Exterior Features

  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Concrete
  • Foundation Details: Slab
  • Property Condition: Existing Structure
  • Roof: Bitumen/Torch Down, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached Carport, No Garage
  • Total Parking Spaces: 20

Utilities

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

Fee Information

  • Annual Fuel Expense: 4080
  • Trash Expense: 3168
  • Annual Water Sewer Expense: 9132

Schools

  • Elementary School: Baxter
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Begich

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 25264.8
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 4308
  • Annual Gross Income: 136164
  • Insurance Expense: 6000
  • Maintenance Expense: 5508
  • Property Net Operating Income: 77988
  • Annual Operating Expense: 58176
  • Total Actual Rent: 11760

Tax Info

  • New Taxes Expense: 10150
  • Tax Annual Amount: 16200
  • Tax Map Number: N/A
  • Tax Year: 2017

Map

Range of Values:

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Average Value
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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
09/08/2023 09/08/23 Sold -- -- --
03/29/2023 03/29/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $1,300,000 +18.2% $112 / Sq Ft
02/03/2021 02/03/21 Sold -- -- --
10/17/2020 10/17/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $1,100,000 0.0% $95 / Sq Ft
07/09/2019 07/09/19 Rented -- -- --
07/09/2019 07/09/19 Under Contract -- -- --
07/01/2019 07/01/19 For Rent $1,050 -6.7% --
06/04/2019 06/04/19 Rented -- -- --
06/04/2019 06/04/19 Under Contract -- -- --
06/03/2019 06/03/19 For Rent $1,125 0.0% --
11/16/2018 11/16/18 Sold -- -- --
07/16/2018 07/16/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $965,000 -- $83 / Sq Ft
Source: Alaska Multiple Listing Service

Source: Alaska Multiple Listing Service

MLS Number: 18-10890

Alaska Multiple Listing Service