13496 Old Seward Highway, Anchorage AK 99515

Price
$2,265,000
Attributes
2 Beds | 21 Baths | 7140 Sqft | 0.78 Acres
Address
13496 Old Seward Highway, Anchorage AK 99515
Property Type
Residential Income
Property Subtype
Multi Family
Year Built
1970
Garage Space
1

Attention Investors! South Anchorage 21plex, studs out rebuild in 2017! 2 story-20 unit building, all airy efficiency units (one built to ADA specs), a large 2 bed ranch home (with soaring 10 ft ceilings) with boiler and laundry service for the main building, detached 2 car garage. No stone left unturned, with new electrical, plumbing, roof, siding, windows, boilers, appliances, all cosmetics.Known as Beluga Flats (see the metal whale sign!), this property sits on nearly 34,000 square feet of buildable, high density zoning (B-3 zoning) and allows for both residential and commercial use. The parking lot is seal coated and painted. Loads of parking with the potential to build covered parking for extra income. This property is being offered for sale at $2,265,000 or a 6.65% cap rate based on profit and loss data. Take advantage of historically low commercial financing rates with commercial financing rates in the low to mid 4% range! Take advantage of the fact that this investment will have no significant deferred maintenance for years to come. Of the hundreds of commercial multifamily properties in Anchorage, this is one of the handful built in the last decade and it shows with operating expenses thousands of dollars less than comparably sized 1960's and 70's properties.

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Listing Info
Listing Agent
Ayla L Rogers
Listing Office
Buyers Real Estate, LLC
Time Listed
320 days
Last Updated
12/7/21, 1:02 AM
Other Info

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