NOT LISTED FOR SALE

420 E 15th Ave Anchorage, AK 99501

Fairview Neighborhood
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

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
03/19/2018 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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Levy

    RE/MAX

  • R

    Buyer's Agent in 2018

    Robert Bickel

    Alaska Fine Homes and Real Estate, LLC

    (907) 715-2289

    7 Total Sales

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Map

Source: Alaska Multiple Listing Service

MLS Number: 17-4681

Alaska Multiple Listing Service

Alaska Anchorage Borough Anchorage 99501 Fairview

420 E 15th Ave, Anchorage, AK

This home is located at 420 E 15th Ave, Anchorage, AK 99501 since 05 April 2017. This property was built in 1964. 420 E 15th Ave is a home located in Anchorage Municipality with nearby schools including North Star Elementary School, Central Middle School of Science, and West High School.

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