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3610 E 42nd Circle, Anchorage, AK

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3610 E 42nd Circle

Anchorage, AK 99508 - University Area MF Submarket


Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1971
Stories:3 Building Size:7,020 SF Land Area:.32 AC (13,939 SF)
For Sale Price:$1,050,000 Price/Unit:$105,000.00 Cap Rate:7.00 % GRM:-

Parking:1.71 Parking Spaces / 1,000 SF


11-Plex (11 X 1 bedroom) in heart of U-Med. Fully-leased and well maintained. Back-up natural gas generator. One-car garage converted to rented storage space. New roof April 04. Sep. metered electric. Two boilers & water heaters. Decks and sliding glass doors. Located on culdesac. Laundry facil. Owner is a licensed real estate prof. in Alaska. One unit non-conform, as zoning allows 10-plex.

Sale Notes:
This11-plex is near Providence and UAA. It has new windows and parking lot pavement. There are 11 one bedroom units. Eight units have decks, units recently remodeled, large storage area, parking, laundry area, separate metered electric. Current rents approx. $10,450.00/mo. Washer and dryers are leased.

Confidential: Contact 727-5001 or 903-6845 for showing. Affiliated with Keller Williams Alaska Group, 561 E 36th, Anchorage, AK 99503. NO WARRANTY OR REPRESENTATION, EXPRESSED OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICES, RENTAL OR OTHER CONDITIONS.

From Lake Otis Blvd. turn east, one block north of Tudor Road intersection, onto East 42nd Avenue (turns into 42nd Place).

Net Operating Income $73,500

Graham Commercial Real Estate Consultants, Inc.
Chad Graham
(907) 331-4645




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