NOT LISTED FOR SALE
31 Beds
16 Baths
15,571 Sq Ft
21,344 Sq Ft Lot

Sale Details

Date Sold: February 10, 2025

73 Days on Market

Highlights

  • Home fronts a creek
  • 0.49 Acre Lot
  • Views
  • West High School Rated A
  • 12 Car Attached Garage
  • Forced Air Heating System

About This Home

As of February 2025

This 8-unit community presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management. Gross annual income: $223K. Annual Op Ex: $56K. NOI: $166K. 4-bedroom units increasing to $2,500/mo upon lease expiration allows for increased ROI for an investor after acquisition. Property being sold as-is, where-is.

Last Agent to Sell the Property

Manny Rodriguez

Jack White Commercial License #129593 Listed on: 09/09/2024

Last Buyer's Agent

Rmg Real Estate Group

RMG Real Estate License #500016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,536

Year Built

  • Built in 2009

Lot Details

  • 21,344 Sq Ft Lot
  • Home fronts a creek

Home Design

  • Side-by-Side
  • Block Foundation
  • Wood Frame Construction
  • Asphalt Roof
  • Block Exterior

Interior Spaces

  • 15,571 Sq Ft Home
  • Laminate Flooring
  • Fire and Smoke Detector
  • Washer and Dryer
  • Property Views

Bedrooms and Bathrooms

  • 31 Bedrooms
  • 16 Full Bathrooms

Parking

  • 12 Car Attached Garage
  • Tuck Under Parking

Schools

  • Northwood Elementary School
  • Romig Middle School
  • West Anchorage High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $18,750

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $55,662
  • Gross Income $223,300
  • Net Operating Income $177,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,536

Year Built

Built in 2009

Lot Details

0.49 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.49
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: Refer to Google Maps or any alternative maps application.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Multi Family, Side by Side
  • Year Built: 2009
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 16
  • Total Bedrooms: 31
  • Flooring: Laminate, Luxury Vinyl
  • Living Area: 15571

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, Creek
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Block, Wood Frame - 2x6
  • Foundation Details: Block
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: No Carport, Tuck Under
  • Total Parking Spaces: 12

Utilities

  • Security: Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Northwood
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 21344.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 223300
  • Property Net Operating Income: 177000
  • Annual Operating Expense: 55662.45
  • Total Actual Rent: 18750

Tax Info

  • Tax Annual Amount: 20536.38
  • Tax Map Number: N/A
  • Tax Year: 2024
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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 List to Sale Price per Sq Ft
02/10/2025 02/10/25 Sold -- -- --
12/03/2024 12/03/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $1,750,000 -12.5% $112 / Sq Ft
10/06/2024 10/06/24 For Sale $2,000,000 0.0% $128 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $2,000,000 -- $128 / Sq Ft
Source: Alaska Multiple Listing Service

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 $22,143 $1,439,500 $150,900 $1,288,600
2024 $22,143 $1,371,500 $150,900 $1,220,600
2023 $22,389 $1,314,700 $150,900 $1,163,800
2022 $20,590 $1,222,700 $150,900 $1,071,800
2021 $21,975 $1,219,500 $150,900 $1,068,600
2020 $22,032 $1,296,000 $150,900 $1,145,100
2019 $21,531 $1,316,100 $150,900 $1,165,200
2018 $21,538 $1,313,300 $148,400 $1,164,900
2017 $21,030 $1,342,900 $148,400 $1,194,500
2016 $19,561 $1,373,500 $153,400 $1,220,100
2015 $19,561 $1,344,500 $153,400 $1,191,100
2014 $19,561 $1,299,400 $153,400 $1,146,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-11650

Alaska Multiple Listing Service
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