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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $187
MLS Listing ID 23-14349
Sold Date 04/18/24
Bedrooms 7
Full Baths 4
Construction Status Existing Structure
Year Built 1969
Lot Size 8,000 Sqft
Acres 0.18
Property Sub-Type Fourplex
Source Alaska Multiple Listing Service
Property Description
Welcome to your next lucrative investment opportunity in South Mid-town! This charming fourplex, nestled in a prime location, effortlessly combines the warmth of a cozy property with the potential for substantial cash flow. With a versatile history of housing both long-term tenants and short-term rentals, this property is a savvy investor's dream come true. Situated in the heart of Midtown, this fourplex enjoys proximity to city life, entertainment, and key locations such as Providence Hospital (3 miles) and Ted Stevens Airport (3.5 miles) making it highly sought-after for tenants or nightly accommodations. Three units are 2 bed 1 bath and one unit is 1 bed 1 bath. Unit 4 is fully furnished and currently acts as vacation rental.
This property has been well maintained. All units have private south facing entrances. No below ground units. Tenants pay electric, and water. Owner pays gas, trash, and snow removal. Coin-op common laundry onsite. Several updates made over the years: Exterior paint 2020, common area carpet 2020, New Roof 2010, New Boiler 2023, Twin Rhem water heaters 2011, vinyl windows, new garbage disposal in unit 4. Rents can be increased to comply with market standards. Come see this property today.
Location
State AK
Area 15 - W Tudor Rd - Dimond Blvd
Zoning R3 - Multiple Family
Direction Moving South on Lake Otis Parkway, Right on Tudor Road, Left on Cordova Street, property on the left.
Interior
Heating Baseboard, Natural Gas, Separate Meters
Flooring Luxury Vinyl Plank, Linoleum, Carpet
Exterior
View Mountains
Topography Level
Building
Lot Description Level
Lot Size Range 0.18
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Rogers Park
Middle Schools Romig
High Schools West Anchorage
Others
Tax ID HEATHER MEADOWS B3 L21
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with EXP Realty LLC - Midtown Anchorage
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Carolyn DeYoung
Agent, Property Manager | License ID: 15923
Agent, Property Manager License ID: 15923