2700 McRae Road, Anchorage, AK 99517 (MLS# 24-11650)

2700 McRae Road, Anchorage, AK 99517

$1,750,000
Property Type: Multi-Family Bedrooms: 31 Baths: 16 Square Footage: 15,571 Lot Size (sq. ft.): 21,320 Status: Closed
Current Price: $1,750,000 Last Modified: 2/10/2025

Overview

Description

This 8-unit community presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management. Gross annual income: $223K. Annual Op Ex: $56K. NOI: $166K. 4-bedroom units increasing to $2,500/mo upon lease expiration allows for increased ROI for an investor after acquisition. Property being sold as-is, where-is.

Listing Details MLS# 24-11650

Contract Info

Price-List
1750000
Date-Listing
2024-09-09
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2024-12-03
Date-Closing
2025-02-10

Location Tax and Legal

Area
10 - Spenard
Street #
2700
Street Name
McRae
Arterial
Road
Closest USPS Town
Anchorage
State
AK
Zip Code
99517

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
31
Bathrooms Full
16
Bathrooms Total
16
Bldgs-Ttl #
Yes
Year Built
2009
SF-Res
15571
Number of Units
8
SF-Lot
21320
Acres
0.49
Garage Spaces
16
Prkg Spcs
12
Lot Area Source
Tax Authority
Zoning
R2M - Multi Family Residential
Bathrooms Half
0
Bathrooms Three Quarter
0
Carport Spaces
0

Directions and Remarks

Directions
Refer to Google Maps or any alternative maps application.

Building Info

Units-# of 3 BR
Yes
Units- # of 4+ BR
7
Vacancy Rate
0

More Information

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1727
Tax Map #-Mat-Su
N/A
Legal
Willard #2 TR 28
Taxes (Estimated)
20536.38
Tax Year
2024
School-Elementary
Northwood
School-Middle
Romig
School-High
West Anchorage

Multi-Family Type

Side by Side
Yes
Multi Family
Yes

Listing Terms Financing

1031 Exchange
Yes
AHFC
Yes
Cash
Yes
Conventional
Yes

Exterior Finish

Vinyl
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Topography

Level
Yes

Roof Type

Asphalt
Yes

Construction Type

Block
Yes
Wood Frame - 2x6
Yes

Foundation Type

Block
Yes

View Type

Mountains
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

Tuck Under
Yes

Wtrfrnt-Frontage

Creek
Yes

Carport Type

None
Yes

Flooring

Laminate
Yes
Luxury Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Dedicated Road
Yes
Paved
Yes
Maintained
Yes

Features-MultiFamily

In City Limits
Yes
Smoke Detector(s)
Yes
Washer/Dryer
Yes

Docs Avl for Review

Lease
Yes

Income & Expenses

Income-Net Operating
177000
Income-Rent Mo Total
18750

Property Features

Multi-Family Type: Side by Side; Multi Family Exterior Finish: Vinyl Roof Type: Asphalt Foundation Type: Block Construction Type: Block; Wood Frame - 2x6 Garage Type: Tuck Under Carport Type: None Heating: Forced Air; Natural Gas Sewer-Type: Public Sewer Water Source: Public Access Type: Dedicated Road; Paved; Maintained View Type: Mountains Topography: Level Wtrfrnt-Frontage: Creek Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Smoke Detector(s); Washer/Dryer Flooring: Laminate; Luxury Vinyl Docs Avl for Review: Lease Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional
IDX
Listing Office: Jack White Commercial
Last Updated: February - 10 - 2025
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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