NOT LISTED FOR SALE

4102 Cope St Anchorage, AK 99503

Spenard Neighborhood
4 Beds
4 Baths
2,392 Sq Ft
7,405 Sq Ft Lot

Last Sold March 01, 2016

178 Days on Market

Highlights

  • Vaulted Ceiling
  • Baseboard Heating
  • Gentle Sloping Lot
  • West High School Rated A
  • Washer and Dryer

About This Home

As of March 2016

Quality renovated fourplex in convenient Midtown Location. All units have been completely updated over the past 6 years with new kitchens & baths. New roof in 2009. Windows also replaced. Great cash flow with 1 furnished & 3 unfurnished apts. Each unit has a large carport & outside storage. Coin Op Laundry in Bldg. Buyer to pay for appraisalGross annual income of $51,000 which could easily be adjusted to $52,500. Investors can purchase with a potential 14% to 16% annual cash on cash return, depending upon mortgage interest rate. An owner occupant may see as much as a 55% annual cash on cash return on just over a $25,000 initial investment. This is a great opportunity for someone looking to start a quality real estate portfolio. Call today, before this Opportunity slips away. This is The One that you have been looking for, so don't let it become someone else's prize. Act NOW!

Last Agent to Sell the Property

Gene Bates

Herrington and Company, LLC License #2241 Listed on: 06/12/2015

Last Buyer's Agent

Tiffany Schuyler

The Summit Group License #18492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1969

Lot Details

  • 7,405 Sq Ft Lot
  • Gentle Sloping Lot

Home Design

  • Quadruplex
  • Block Foundation
  • Wood Frame Construction
  • Membrane Roofing

Interior Spaces

  • 2,392 Sq Ft Home
  • Vaulted Ceiling
  • Laminate Flooring
  • Fire and Smoke Detector
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Paved Parking
  • Open Parking

Schools

  • Willow Crest Elementary School
  • Romig Middle School
  • West Anchorage High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $3,900

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $840
  • Fuel Expense $1,860
  • Insurance Expense $2,113
  • Maintenance Expense $204
  • Other Expense $900
  • Trash Expense $1,560
  • Water Sewer Expense $936
  • New Taxes Expense $5,136
  • Operating Expense $13,108
  • Gross Income $51,000
  • Net Operating Income $30,793

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,136

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: West on Tudor past Arctic Blvd. Turn right on Cope Street. Property is about three blocks down on the left, (west side), of the street.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Up and Down
  • Year Built: 1969
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Laminate
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 2392

Exterior Features

  • Lot Features: City Lot
  • Topography: Gently Rolling
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame - 2x4
  • Foundation Details: Block
  • Property Condition: Existing Structure
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Paved, Attached Carport, No Garage
  • Total Parking Spaces: 4

Utilities

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

Fee Information

  • Annual Fuel Expense: 1860
  • Trash Expense: 1560
  • Annual Water Sewer Expense: 936

Schools

  • Elementary School: Willow Crest
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7405.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 840
  • Annual Gross Income: 51000
  • Insurance Expense: 2113
  • Maintenance Expense: 204
  • Property Net Operating Income: 30793
  • Annual Operating Expense: 13108.18
  • Total Actual Rent: 3900
  • Income And Expenses Vacancy Allowance: 1872

Tax Info

  • New Taxes Expense: 5136
  • Tax Annual Amount: 5136.18
  • Tax Map Number: N/A
  • Tax Year: 2015

Range of Values:

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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
03/01/2016 03/01/16 Sold -- -- --
12/11/2015 12/11/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $395,000 +21.5% $165 / Sq Ft
12/06/2013 12/06/13 Sold -- -- --
07/16/2013 07/16/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $325,000 -- $136 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Gene Bates

    Herrington and Company, LLC

  • T

    Buyer's Agent in 2016

    Tiffany Schuyler

    The Summit Group

    (907) 350-0236

    3 in this area

    17 Total Sales

    Tiffany Schuyler
    Section Image

  • B

    Buyer Co-Listing Agent in 2016

    Brooke McLaughlin

    Elite Real Estate Anchorage Branch

    (907) 350-0236

    4 in this area

    30 Total Sales

    Brooke McLaughlin
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 15-9201

Alaska Multiple Listing Service

APN: 010-215-30-000

Alaska Anchorage Borough Anchorage 99503 Spenard

4102 Cope St, Anchorage, AK

This home is located at 4102 Cope St, Anchorage, AK 99503 since 12 June 2015. This property was built in 1969. 4102 Cope St is a home located in Anchorage Municipality with nearby schools including Willow Crest Elementary School, Romig Middle School, and West High School.

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