
Seller's Agent in 2016
Laura Halverson
RE/MAX
(907) 230-4891
2 in this area
182 Total Sales
HIGH END Top to Bottom Remodel! 4* Energy Rating! New siding, windows, full interiors w/ custom materials & quality craftsmanship. Great cash producing 4 plex w/ two 3-BR and two 2-BR units. Washer and Dryer onsite. Gross rents of $60,750/year. Close to hospitals, campuses, shopping & bases, 3 units are rented (see supplement for rental info), 1 left vacant after remodel for showings.•All units remodeled with features attractive to tenants such as solid surface countertops, decorative tile backsplash, tile showers and flooring, updated appliances. Each unit is unique, decorative touches such re-claimed wood walls in entryway.
•Current annual rental income: $60,750.
•3 br units: $1,350/ea x 2 (Significantly under FMR of $1883. Unit price could be raised).
•2 br units: $1,150/ea x 2 (Currently under FMR of $1292. Unit price could be raised).
•Washer/Dryer income: $750 annually
•Low vacancy rate due to desirability of units
•Current annual utility costs: $6453 (2015 actual)
•ML&P: $528
•SWS: $2100 (larger locking dumpster, could be down-sized)
•Enstar: $2025
•AWWU: $1800
•Low annual utility costs, 4+ star energy rating. Energy-efficient features such as low flow toilets and sink faucets, upgraded insulation in attic, new windows and doors to lower heat loss. High-efficiency heating system, water heating in 2014.
•Location: located minutes from hospitals, university, shopping, downtown. New developments on street, located next to community church with garden.
•Storage: Lots of storage including shed in back of property. Included in sale is seasonal maintenance equipment: lawnmower, snow-blower (2015). Large storage room off boiler room for storing tools, materials, etc. Additional storage under stairs. New gutters and siding. Lawn well maintained with flowerbeds.
List of Renovations Completed
Apartment No. 1
•2011-2012 (complete remodel, completed January 2012). Repainted Nov. 2015.
•Bathroom: Gutted, sheetrock, texture/paint, plumbing, fixtures, tile shower and flooring with decorative trim, vanity, sil-stone vanity top with porcelain sink, fan, glass block window, trim, door, install new water-saving toilet pack and showerhead.
•Living Room: Replace subfloor, laminate flooring, new sliding glass door (2013)
•Kitchen: Re-texture, paint, install new: cabinetry, granite countertops, sink and faucet, light fixtures, range microwave, tile backsplash, GFCI outlets, tile flooring, garbage disposal.
•Bedrooms: paint, carpet, closet doors (2013), radiator covers
•Throughout: light fixtures, switches and receptacles (updated wiring), radiator covers, paint, new doors, replace thermostat, new entry door/frame/locks, trim
Apartment No. 2
•2010-2011 (complete remodel, completed November 2011)
•Bathroom: Gutted to include: sheetrock, texture/paint, replace plumbing, new: fixtures, tile shower and flooring with decorative trim, vanity, marble vanity top with porcelain sink, fan, glass block window, trim, doors, install water-saving toilet pack and showerhead.
•Living Room: Replace subfloor, laminate flooring, new sliding glass door (2013)
•Kitchen: Re-texture, paint, install new: cabinetry, granite countertops, sink and faucet, light fixtures, range microwave, tile backsplash, GFCI outlets, tile flooring, replace oven, garbage disposal
•Bedrooms: paint, carpet, closet doors (2013), radiator covers, new windows
•Throughout: light fixtures, switches and receptacles (updated wiring), radiator covers, paint, replace thermostat, new entry door/frame/locks, trim
Apartment No. 3
•2011-2012, 2016 (renovations Jan. 2012, additional major work done early 2016)
•Kitchen: Paint, new: kitchen cabinetry and granite countertop, sink and fixtures, tile backsplash, range microwave, GFCI outlets, garbage disposal. 2016 new oven, new flooring.
•Bedrooms: paint, new: flooring, doors (2016). New windows in 2013.
•Bathroom: install new water-saving toilet pack and showerhead. Installed tile shower, tile flooring, new toilet, vanity, etc. in 2015.
•Living Room: paint, new: carpet, doors, thermostat, entry locks, replaced ceiling tiles. New laminate flooring 2016 throughout.
•Throughout: new carpet, new entry locks, switches and receptacles (updated wiring). New laminate flooring 2016.
Apartment No. 4
•2012-2013 (remodel completed January 2013)
•Bathroom: Texture/paint, install new: plumbing, fixtures, tile shower and flooring with decorative trim, vanity/sink, fan, trim, door, install new water saving toilet pack and showerhead.
•Kitchen: Re-texture, paint, install new: cabinetry, corian countertops, sink and faucet, light fixtures, range microwave, tile backsplash, GFCI outlets, replace vinyl flooring, garbage disposal, replace dishwater.
•Bedrooms: paint, trim, doors, bi-fold closet doors,
•Living Room/hallways: install new: window, radiator covers, paint and trim, doors, thermostat, upgrade electrical/replace breakers
•Throughout: re-level grid ceiling and replace acoustical ceiling tiles, new carpet, new entry door/frame/locks, switches and receptacles (updated wiring), trim
Interior Common Areas
•Entry/hallway/stairs (completed 2012). Paint re-done 2016.
•Carpet, paint, handrails, refurbish mailbox, re-wire outlets, light fixtures (2011)
•New fiberglass front door & sidelights, coded lock entry (2012)
•Replace radiator covers, new window overlooking foyer (2012)
•Decorative re-claimed wood walls (2016)
•Laundry Room (completed 2012)
•Refinish concrete flooring, replace plumbing to washer/dryer, re-plumb to add sink and utility faucet, tile backsplash, paint, trim, new cabinetry for storage, replace venting.
•Replaced washer and dryer
•Boiler Room
•Addition of storage room, install shelving, venting (2013)
•Replace all zone valves, all control valves, re-plumb water heater and most of boiler, re-wire water heater and boiler (2012). New high efficiency on-demand heating system with hot water storage tank (2013).
Exterior & Grounds
•2012-2016 (completed January 2013, additional work 2015-2016)
•Remove aluminum siding and sheetrock underlay, replace with plywood and smartside lap siding (2013) Install baffels at roof ends in attic, blow-in insulation. New roof trim, gutters.
•New balconies/railing, exterior lighting, GFCI outlets, new gable vents for attic (2013)
•Install new storage shed, updated fencing.
•Landscaping: install soil/flower border around exterior of building, cut back overgrown trees (2015).
Last Agent to Sell the Property
RE/MAX Dynamic Properties License #16168 Listed on: 05/04/2016
Home Type
Est. Annual Taxes
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Lot Details
Parking
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Community Details
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/05/2016 07/05/16 | Sold | -- | -- | -- |
05/06/2016 05/06/16 | Pending | -- | -- | -- |
05/05/2016 05/05/16 | For Sale | $510,000 | -- | $143 / Sq Ft |
Seller's Agent in 2016
Laura Halverson
RE/MAX
(907) 230-4891
2 in this area
182 Total Sales
Buyer's Agent in 2016
Jonathon Rodriguez
Real Broker Alaska
(907) 947-3410
9 in this area
122 Total Sales
Source: Alaska Multiple Listing Service
MLS Number: 16-6928
APN: 005-062-34-000