3397 Bellwood Street, Salcha, AK 99714 (MLS# 23-12903)

3397 Bellwood Street, Salcha, AK 99714

$3,250,000
Property Type: Multi-Family Bedrooms: 70 Baths: 70 Square Footage: 41,768 Lot Size (sq. ft.): 283,140 Status: Closed
Current Price: $3,250,000 Last Modified: 8/27/2024

Overview

Description

70 Unit, 2 bedroom 1 bath, Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity. Capital upgrades include three new Buderus Boilers with Tekmar controller (2006), Hot water maker (2009), Fuel-Saving

Supplements: Coal boiler (2009),Engineered Septic System and leach field (2003), New Well system (2005) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Bui ...

Listing Details MLS# 23-12903

Contract Info

Price-List
3250000
Date-Listing
2021-04-30
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2021-09-20
Date-Closing
2022-05-03

Location Tax and Legal

Area
765 - Salcha
Street #
3397
Street Name
Bellwood
Arterial
Street
Closest USPS Town
Salcha
State
AK
Zip Code
99714

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
70
Bathrooms Full
70
Bathrooms Total
70
Bldgs-Ttl #
8
Year Built
1985
SF-Res
41768
Number of Units
70
SF-Lot
283140
Acres
6.5
Prkg Spcs
116
Lot Area Source
Other
Zoning
GU1 - General Use
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
Richardson Hwy to L on Hope St, take 2nd L to stay on Hope St, L on Old Rich, 2nd R onto Bellwood St, Cross Railroad Tracks, Complex on the Left.

Building Info

Units- # of 2 BR
70

More Information

Location, Tax and Legal

Region
3 - Interior & North Alaska Regions - All
Borough/Census Area
3C - Fairbanks North Star Borough
Grid # (Muni Anch)
N/A
Tax Map #-Mat-Su
N/A
Legal
2S 3E Tr A1-B1, C-D
Taxes (Estimated)
49982
School-Elementary
BTV-Undiscl by LL
School-Middle
BTV-Undiscl by LL
School-High
BTV-Undiscl by LL

Multi-Family Type

Apartment Style
Yes

Heating

Baseboard
Yes
Other
Yes
See Remarks
Yes

Foundation Type

Unknown - BTV
Yes

Wtrfrnt-Access Near

None
Yes

Wtrfrnt-Frontage

None
Yes

Sewer-Type

Public Sewer
Yes

Property Features

Multi-Family Type: Apartment Style Foundation Type: Unknown - BTV Heating: Baseboard; Other; See Remarks Sewer-Type: Public Sewer Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None
Listing Office: Non-Member Office
IDX
Last Updated: August - 27 - 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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