Do Real Estate on the Go!
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Do Real Estate on the Go!
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$509,900
9 Beds
- 4 Baths
4 full baths
4,088sqft
309 N Klevin St, Anchorage, AK 99508
$509,900
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Multi Family
Built in 1985
$-- HOA
6,250 sqft lot
$125/sq.ft
Description
Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit. Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential.
Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse.
Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit f...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
--
City
Neighborhood
Year Built
1985
HOA Fees
-
Finished Area
4,088 sqft
Lot Size
6,250 sqft lot
Basement Area
- sqft
MLS Name
Alaska MLS
MLS Number
26-5808
MLS Status
Pending
Days on Market
15
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