NOT LISTED FOR SALE

380 S Colony Way Palmer, AK 99645

11 Beds
11 Baths
5,720 Sq Ft
0.65 Acres

Last Sold August 16, 2018

24 Days on Market

Highlights

  • Vaulted Ceiling
  • Views
  • Baseboard Heating
  • Ranch Style House

About This Home

As of August 2018

Rare opportunity to invest in a 11 unit multi-family consisting of three buildings in the heart of downtown Palmer. Ranch style four-plex built in 2002 and try-plex built in 2000, along with remodeled original two story four-plex. All units are one bedroom one bath. Most units appear to be under rented. Owner will offer owner financing or obtain bank financing. Various units have been updated.Each building has a separate gas meter. Tri-plex units have washer and dryer hook ups and dishwashers. Coin op washer and dryer available.

Last Agent to Sell the Property

Jerry Moses

Jack White Real Estate Mat Su License #7804 Listed on: 06/15/2018

Jack White Real Estate Mat Su

Last Buyer's Agent

Rmg Real Estate Group

RMG Real Estate License #500016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,081

Year Built

  • Built in 2002

Lot Details

  • 0.65 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Ranch Style House
  • Block Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 5,720 Sq Ft Home
  • Vaulted Ceiling
  • Fire and Smoke Detector
  • Property Views

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Full Bathrooms

Schools

  • Sherrod/Swanson Elementary School
  • Palmer Middle School
  • Palmer High School

Utilities

  • Radiant Heating System
  • Baseboard Heating

Community Details

Overview

  • 3 Buildings
  • 11 Units

Building Details

  • Electric Expense $1,632
  • Fuel Expense $4,896
  • Insurance Expense $5,404
  • Professional Management Expense $7,040
  • Water Sewer Expense $5,160
  • Operating Expense $43,753
  • Gross Income $92,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,081

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.65
  • Road Surface Type: Gravel, Paved
  • Professional Management Expense: 7040
  • Directions: Take Glenn HWY to W Evergreen and take a right. Go to S Alaska St, take a left. Go to E Cottonwood st, take a Right. Property is on left, just past S Bonanza.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Other - See Remarks, Ranch, Up and Down
  • Year Built: 2002
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Number Of Buildings: 3
  • Full Bathrooms: 11
  • Total Bedrooms: 11
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 5720

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Metal, Vinyl Siding, Other, Wood Frame - 2x6
  • Foundation Details: Block, Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Common Area, Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 4896
  • Annual Water Sewer Expense: 5160

Schools

  • Elementary School: Sherrod/Swanson
  • High School: Palmer
  • Middle Or Junior School: Palmer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 28314
  • Mobile Dim Units: Feet
  • Zoning Description: Medium Density Multi-Family (re: City Palmer)
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 1632
  • Annual Gross Income: 92640
  • Insurance Expense: 5404
  • Annual Operating Expense: 43753

Tax Info

  • Tax Annual Amount: 10081
  • Tax Map Number: PA05
  • Tax Year: 2017

Range of Values:

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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
08/16/2018 08/16/18 Sold -- -- --
07/10/2018 07/10/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $715,000 -- $125 / 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 2018

    Jerry Moses

    Jack White Real Estate Mat Su

    Section Image

  • R

    Buyer's Agent in 2018

    Rmg Real Estate Group

    RMG Real Estate

    (999) 999-9999

    28 in this area

    1,776 Total Sales

    Rmg Real Estate Group
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 18-10129

Alaska Multiple Listing Service
Alaska Matanuska-Susitna Borough Palmer 99645

380 S Colony Way, Palmer, AK

This home is located at 380 S Colony Way, Palmer, AK 99645 since 15 June 2018. This property was built in 2002. 380 S Colony Way is a home located in Matanuska-Susitna Borough with nearby schools including Palmer High School, Sherrod Elementary School, and Palmer Middle School.

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