$387,500
SOLD DEC 6, 2024
Last list price
6 Beds
3 Baths
2,592 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

4 Days on Market

About This Home

As of December 2024

Incredible investment opportunity for this south midtown triplex. 2 bedroom 1 bath units with a fireplace. One unit needs remodeled, but the updates done in the other two units make this an excellent long term investment for a buyer that can move in and fix up the vacant unit. Rents are under market currently but so much opportunity awaits. This property is being sold AS IS.Seller has not lived in the property. Disclosure waiver will be used. In approximately 2014 unit #1 had a major fire. Unit #1 was rebuilt from the foundation up by Tailored Restoration. Unit #2 was stripped to the studs and remodeled. Unit #3 had smoke damage and the work done in the space was minor.

For Showings. Tenant in unit #1 is not able to show her unit until Friday November 8th. After November 8th it will be a minimum of 48 hours notice to show and most likely in the evenings Unit #3 is vacant and can be shown anytime. The heat is on along with the power. The unit was recently damaged from a previous tenant and the seller is selling the property AS IS. Conventional financing is preferred. A renovation loan may be a better option. Please check with your lender after viewing the property.

Unit #2 will only be shown once an offer has been received. Make your offer contingent on viewing Unit #2 before or during your home inspection.

AKMLS Lockbox is on the door handle of unit #3.

The photos on the listing are of unit #3 before it was rented out. This unit does not look like this currently. It needs extensive remodeling to make it available for rent again. The Washer and dryer are broken.

Leases are month to month.

Rents are 1200 for units #1+2, Security deposits in place for units #1 and 2, Pet policy is No pets.
Snow removal: $400/year
Lawn care: $500/year
Trash: $100/month
Sewer and Water (owner)
Tenants pay for all utilities


The seller is out of country so please allow extra time for offer response. We will work to make the closing as smooth as possible.

Last Agent to Sell the Property

Jesse Tanner

Tanner Group Premier Real Estate License #16244 Listed on: 11/02/2024

Last Buyer's Agent

Casey Knight

Real Estate Brokers of Alaska License #18587

Real Estate Brokers of Alaska

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,860

Year Built

  • Built in 1983

Lot Details

  • 9,583 Sq Ft Lot
  • Property fronts a private road

Home Design

  • Triplex
  • Fixer Upper
  • Asphalt Roof

Interior Spaces

  • 2,592 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • Kasuun Elementary School
  • Hanshew Middle School
  • Bettye Davis East Anchorage High School

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,860

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Frontage Type: Private Road
  • Directions: South on Lake Otis, right on 68th Ave, Right on Zurich, Left on 66th. Property is on the Right.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1983
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Laminate
  • Living Area: 2592

Exterior Features

  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Frame
  • Property Condition: Existing Structure, Fixer
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, No Carport, No Garage
  • Total Parking Spaces: 6

Utilities

  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Kasuun
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Hanshew

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 9583.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Dec 2, 2024
Sold by
Osant Mindel and Talitman Mordechai
Bought by
Frost Lucas Lynn
Seller's Agent
Jesse Tanner
Tanner Group Premier Real Estate
Buyer's Agent
Casey Knight
Real Estate Brokers of Alaska
List Price
$387,500
Views
4
Current Estimated Value
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$327,700
Interest Rate
6.54%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 1, 2005
Sold by
Chamblee Rance S and Chamblee Alicia R
Bought by
Talitman Mordechai and Osant Mindel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,400
Interest Rate
8.47%

Purchase Details

Closed on
Apr 29, 1999
Sold by
Anderson Scott C and Anderson Katherine F
Bought by
Chamblee Rance S and Chamblee Alicia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.98%
Mortgage Type
VA

Purchase Details

Closed on
Jan 7, 1992
Sold by
Lomas Mortgage Usa Inc
Bought by
Anderson Scott C and Anderson Katharine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,085
Interest Rate
8.76%
Mortgage Type
FHA
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- First American Title Ins Co
Warranty Deed -- --
Special Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $353,000 New Conventional
Closed $327,700 Construction
Previous Owner $249,000 No Value Available
Previous Owner $239,400 No Value Available
Previous Owner $191,250 VA
Previous Owner $139,085 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold -- -- --
11/06/2024 11/06/24 Pending -- -- --
11/02/2024 11/02/24 For Sale $387,500 -- $149 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,860 $452,200 $89,800 $362,400
2024 $6,860 $424,900 $89,800 $335,100
2023 $6,628 $389,200 $89,800 $299,400
2022 $6,451 $383,100 $89,800 $293,300
2021 $6,565 $364,300 $89,800 $274,500
2020 $6,237 $366,900 $89,800 $277,100
2019 $5,963 $364,500 $89,800 $274,700
2018 $3,598 $219,400 $83,200 $136,200
2017 $5,672 $362,200 $83,200 $279,000
2016 $4,768 $346,500 $78,300 $268,200
2015 $4,768 $336,700 $78,300 $258,400
2014 $4,768 $319,600 $78,300 $241,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-13790

Alaska Multiple Listing Service

APN: 01405164000