$475,000
$475,000
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4 Beds
4 Baths
1,420 SqFt
SOLD DATE : 01/13/2025
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $334
MLS Listing ID 24-12236
Sold Date 01/13/25
Bedrooms 4
Full Baths 2
Three Quarter Bath 2
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 1963
Lot Size 10,827 Sqft
Acres 0.25
Property Description
MUNI Calls it a Duplex with 2 Cabins. All 4 Units Rent! Fabulous cash flow for the investor! Super cute well done and updated 3 Small and 1 Tiny House. Each unit has one bedroom and one bathroom. Many built-ins including the beds with dressers. So very well done! Long term renters. Each unit also has its own lockable storage building. Owner occupy and live virtually free, rent as BnB's, or continue with long term rentals. Each unit has it owns heating and hot water system. There are a total of 8 raised garden beds, 7 producing apples trees, and a sweet little court yard. Units are separate buildings so no common area to be concerned about and each tenant has there own 4 walls! Next summer Muni is putting in brand new water lines and septic lines! One unit has historical interest as it once was a 10 man barracks on the base, back in the day, although hard to see that now - its beautiful! Nice walkway to each unit off the ground. Various improvements have been made throughout the years! Muni says building was built 1963, however the Tiny House was built in 1979, there was an old mobile home from 1963 that has been removed long ago! Rent all 4 to create a wonderful cash flow opportunity or live in one unit and rent the others. Great area close to medical! Units are always rented. Currently owner occupies one unit. Rents are consistent for the 3 rented units bringing in $3,400 per month. Seller pays utilities. Rents have not been increased in quite a while.
Location
State AK
Area 40 - Seward Hwy To Boniface Pkwy
Zoning R3 - Multiple Family Residential
Direction From Lake Otis, Turn North onto 42nd Ave, property is just before Wright Street on the right.
Exterior
Parking Features None
Roof Type Shingle
Topography Level
Building
Lot Description Level
Lot Size Range 0.25
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Lake Otis
Middle Schools Wendler
High Schools Bettye Davis East Anchorage
Others
Tax ID 0080324100001
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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