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

Sale Details

Date 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

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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

  • 14,810 Sq Ft 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

0.34 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,222
Interest Rate
6.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 10, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,222
Interest Rate
6.31%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Apr 5, 2017
Closed on
Mar 16, 2018
Sold by
Bought by
Seller's Agent
John Levy
RE/MAX Dynamic Properties
Buyer's Agent
Robert Bickel
Alaska Fine Homes and Real Estate, LLC
List Price
$1,055,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
4.22%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$1,052,133 None Listed On Document
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,050,000
Closed $518,222
Previous Owner $633,750
Previous Owner $266,250
Previous Owner $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,506 $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
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