3401 E 15th AVE new Save Request In-Person Tour Request Virtual Tour
Anchorage,AK 99508
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $223
MLS Listing ID 25-11929
Bedrooms 8
Full Baths 4
Year Built 1964
Lot Size 7,500 Sqft
Property Sub-Type Fourplex
Property Description
Updated 4-plex at 3401 E 15th Ave, Anchorage (Airport Heights) generating $7,200/mo. Beautiful interiors with updated flooring, cherry kitchen cabinets, and a new boiler. Superb location close to hospitals, UAA, and JBER. Unit 1 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August.
Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR.
Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building.
Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return.
Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent.
Location
State AK
Area 40 - Seward Hwy To Boniface Pkwy
Zoning R2D - Two Family Residential
Interior
Heating Baseboard,Natural Gas
Flooring Tile,Carpet
Exterior
Roof Type Shingle
Building
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Airport Heights
Middle Schools Wendler
High Schools Bettye Davis East Anchorage
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan,Assumable
Listing Terms Cash,Conventional,FHA,VA Loan,Assumable