NOT LISTED FOR SALE
28 Beds
12 Baths
12,000 Sq Ft
0.34 Acres

Last Sold March 19, 2018

252 Days on Market

Highlights

  • Unobstructed Views
  • 0.34 Acre Lot
  • Baseboard Heating
  • West High School Rated A

About This Home

As of March 2018

Two six-plexes sep. legals sold together. Excellent investment, cash cow. Cap rate at 9.2%! NOI=$91,000.00Large units with commanding views of Midtown. Individual decks and private heated storage. Newer roofs and boilers. Most units remodeled in past 5 years. Perfect for your 1031.

Last Agent to Sell the Property

John Levy

RE/MAX Dynamic Properties License #12821 Listed on: 04/05/2017

Last Buyer's Agent

Robert Bickel

Alaska Fine Homes and Real Estate, LLC License #17262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.34

Property Views

  • Unobstructed Views
  • City Lights Views

Home Design

  • 12,000 Sq Ft Home
  • Wood Frame Construction
  • Membrane Roofing

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 12 Full Bathrooms

Parking

  • 22 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • North Star Elementary School
  • Central Middle School
  • West Anchorage High School

Additional Features

  • 0.34 Acre Lot
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $11,820

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • Electric Expense $1,500
  • Fuel Expense $8,220
  • Insurance Expense $4,200
  • Maintenance Expense $2,400
  • Manager Expense $9,000
  • Other Expense $1,200
  • Trash Expense $3,228
  • Water Sewer Expense $2,760
  • New Taxes Expense $13,800
  • Operating Expense $48,075
  • Gross Income $141,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Directions: Between Cordova and Eagle on north side of 15th.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1964
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Full Bathrooms: 12
  • Total Bedrooms: 28
  • Interior Amenities: Storage
  • Living Area: 12000

Exterior Features

  • Lot Features: City Lot
  • Topography: Sloping
  • View: City Lights, Unobstructed
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Stucco, Wood Frame - 2x4
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, No Carport, No Garage
  • Total Parking Spaces: 22

Utilities

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

Fee Information

  • Annual Fuel Expense: 8220
  • Trash Expense: 3228
  • Annual Water Sewer Expense: 2760

Schools

  • Elementary School: North Star
  • High School: West Anchorage
  • Middle Or Junior School: Central

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 14810.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R4
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 1500
  • Annual Gross Income: 141240
  • Insurance Expense: 4200
  • Maintenance Expense: 2400
  • Resident Manager Expense: 9000
  • Annual Operating Expense: 48075
  • Total Actual Rent: 11820
  • Income And Expenses Vacancy Allowance: 350

Tax Info

  • New Taxes Expense: 13800
  • Tax Map Number: N/A
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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
03/19/2018 03/19/18 Sold -- -- --
12/14/2017 12/14/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $1,055,000 -- $88 / 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 $8,226 $538,700 $101,900 $436,800
2024 $8,226 $509,500 $101,900 $407,600
2023 $9,146 $509,700 $101,900 $407,800
2022 $7,964 $472,900 $101,900 $371,000
2021 $8,423 $467,400 $101,900 $365,500
2020 $8,308 $488,700 $101,900 $386,800
2019 $8,005 $489,300 $101,900 $387,400
2018 $7,492 $456,800 $108,000 $348,800
2017 $7,177 $458,300 $108,000 $350,300
2016 $5,694 $459,000 $104,300 $354,700
2015 $5,694 $439,700 $104,300 $335,400
2014 $5,694 $419,300 $104,200 $315,100
Source: Public Records

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Map

Source: Alaska Multiple Listing Service

MLS Number: 17-4681

Alaska Multiple Listing Service