NOT LISTED FOR SALE
30 Beds
18 Baths
15,600 Sq Ft
1.13 Acres

Last Sold December 11, 2013

85 Days on Market

Highlights

  • 1.13 Acre Lot
  • Baseboard Heating
  • Washer and Dryer
  • Views

About This Home

As of December 2013

Very well maintained and cared for 18 unit, 3 bldg. complex on over an acre. Excellent Res. Mgr. on site. Turnkey operation. Over $17,800 gross mo. income: $126,000 net operating income. AHFC assumable loan. Prop. has been cont. updated and upgraded. Carports plus lots of off st. pkng. Onsite laundry. Mtn views w/parklike setting. Very close to schools, dining, major shopping, JBER and bus routes.

Last Agent to Sell the Property

Michael Pike

Real Estate Brokers of Alaska License #9389 Listed on: 07/10/2013

Last Buyer's Agent

Jeff Briley

Real Estate Brokers of Alaska

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $18,659

Year Built

  • Built in 1970

Lot Details

  • 1.13

Home Design

  • 15,600 Sq Ft Home
  • Block Foundation

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 18 Full Bathrooms

Parking

  • 36 Parking Spaces
  • 8 Carport Spaces
  • Paved Parking
  • Open Parking

Schools

  • Muldoon Elementary School
  • Begich Middle School
  • Bartlett High School

Additional Features

  • Washer and Dryer
  • 1.13 Acre Lot
  • Baseboard Heating
  • Property Views

Listing and Financial Details

  • Total Actual Rent $17,166

Community Details

Overview

  • 3 Buildings
  • 18 Units

Building Details

  • Electric Expense $1,932
  • Fuel Expense $15,024
  • Insurance Expense $4,989
  • Maintenance Expense $9,708
  • Other Expense $4,080
  • Professional Management Expense $13,956
  • Trash Expense $3,048
  • Water Sewer Expense $8,568
  • New Taxes Expense $20,329
  • Operating Expense $82,329
  • Gross Income $200,139
  • Net Operating Income $9,416

Property Details

Home Type

Apartment

Est. Annual Taxes

$18,659

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.13
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Professional Management Expense: 13956
  • Directions: Muldoon East on Duben Property on left
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family, Apartment Style
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 3
  • Appliances: Washer/Dryer
  • Full Bathrooms: 18
  • Total Bedrooms: 30
  • Living Area: 15600

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Construction Type: Metal, Unknown
  • Foundation Details: Block
  • Property Condition: Existing Structure

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: Paved, Detached Carport
  • Total Parking Spaces: 36

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: 15024
  • Trash Expense: 3048
  • Annual Water Sewer Expense: 8568

Schools

  • Elementary School: Muldoon
  • High School: Bartlett
  • Middle Or Junior School: Begich

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 49222.8
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Number Of Units Total: 18
  • Electric Expense: 1932
  • Annual Gross Income: 200139.25
  • Insurance Expense: 4989
  • Maintenance Expense: 9708
  • Property Net Operating Income: 9416
  • Annual Operating Expense: 82329
  • Total Actual Rent: 17166
  • Income And Expenses Vacancy Allowance: 836

Tax Info

  • New Taxes Expense: 20329
  • Tax Annual Amount: 18658.9
  • Tax Map Number: N/A
  • Tax Year: 2013

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
12/11/2013 12/11/13 Sold -- -- --
10/04/2013 10/04/13 Pending -- -- --
07/10/2013 07/10/13 For Sale $1,495,000 -- $96 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 13-10348

Alaska Multiple Listing Service