1703 McKinley Avenue, Anchorage, AK 99517 (MLS# 23-10982)

1703 McKinley Avenue, Anchorage, AK 99517

$725,000
Property Type: Multi-Family Bedrooms: 11 Baths: 6 Square Footage: 5,300 Lot Size (sq. ft.): 12,000 Status: Closed
Current Price: $725,000 Last Modified: 9/15/2024

Overview

Description

Extremely well cared for investment property with great amenities at a mid 8% CAP rate! Most of the units have been remodeled in recent years and many CAP EX items have been completed, such a new boiler in 2022 and a majority of the buildings windows. One bed unit has an office and is nearly the same size at the 2 bed units. $7,300 gross monthly rents!

Listing Details MLS# 23-10982

Contract Info

Price-List
725000
Date-Listing
2023-09-05
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2023-11-13
Date-Closing
2024-01-16

Location Tax and Legal

Area
10 - Spenard
Street #
1703
Street Name
McKinley
Arterial
Avenue
Closest USPS Town
Anchorage
State
AK
Zip Code
99517

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
11
Bathrooms Full
6
Bathrooms Total
6
Bldgs-Ttl #
Yes
Year Built
1978
SF-Res
5300
Number of Units
6
SF-Lot
12000
Acres
0.28
Carport Spaces
6
Prkg Spcs
12
Lot Area Source
Tax Authority
Zoning
R2M - Multi Family Residential
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0

Directions and Remarks

Directions
From Minnesota West on Spenard; 1 blk S on Greenland to McKinley. Property on corner.

Building Info

Units-# of 1 BR
Yes
Units- # of 2 BR
5

More Information

Mortgage Info

EM Minimum Deposit
7000

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1728
Tax Map #-Mat-Su
N/A
Legal
Lincoln Park L9 B3
Taxes (Estimated)
9295
Tax Year
2023
School-Elementary
Northwood
School-Middle
Romig
School-High
West Anchorage

Multi-Family Type

Multi Family
Yes

To Show

ShowingTime
Yes

Listing Terms Financing

AHFC
Yes
Cash
Yes
Conventional
Yes

Heating

Baseboard
Yes
Natural Gas
Yes

Foundation Type

Unknown - BTV
Yes

Wtrfrnt-Access Near

None
Yes

Wtrfrnt-Frontage

None
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Features-MultiFamily

Laundry Facility
Yes

Property Features

Multi-Family Type: Multi Family Foundation Type: Unknown - BTV Heating: Baseboard; Natural Gas Sewer-Type: Public Sewer Water Source: Public Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: Laundry Facility To Show: ShowingTime Listing Terms Financing: AHFC; Cash; Conventional
IDX
Listing Office: Real Broker Alaska
Last Updated: September - 15 - 2024
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.

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