Anchorage, AK 99508,2864 E 42nd AVE
Anchorage, AK 99508,2864 E 42nd AVE
Anchorage, AK 99508,2864 E 42nd AVE
Anchorage, AK 99508,2864 E 42nd AVE
Anchorage, AK 99508,2864 E 42nd AVE
Anchorage, AK 99508,2864 E 42nd AVE
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$475,000

$475,000

Est.Price: ?

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Est. payment /mo

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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Alaska MLS
Listed by Keller Williams Realty Alaska Group of Wasilla
Bought with Real Broker Alaska

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agent
Tim Chi

Agent | License ID: 209627

+1(907) 331-3104

3705 Arctic Blvd #1312 Anchorage, Anchorage

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