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4014 Halibut Point Road - Halibut Point Retreat, Sitka, AK

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4014 Halibut Point Road - Halibut Point Retreat

Sitka, AK 99835-9561

Property Type:Multi-Family Number of Units:- Status:Existing Year Built:1981
Stories:4 Building Size:4,983 SF Land Area:.27 AC (11,661 SF)
For Sale Price:$599,000 Price/Unit:$599,000.00 Cap Rate:6.82 % GRM:-

Parking:1.2 Parking Spaces / 1,000 SF

Sale Notes:
This commercially zoned triplex in beautiful Sitka, Alaska has amazing ocean and sunset views with a steady 6.2% CAP. Four plays on this property: 1) Make your 6.2% in a low vacancy neighborhood, with high-class tenants in an area with growing tourism and a housing crunch; 2) Increase profitability by converting some of the 4,983 SF into more units; 3) utilize the commercial zoning with a tourism/hospitality and/or vacation rental; 4) Enjoy the master suite yourself and have the downstairs tenants pay for your vacation home.

Baranof Realty LLC
Travis Vaughan
(907) 747-5636

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