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525 - 601 E 4th Avenue, Anchorage, AK

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525 - 601 E 4th Avenue

Anchorage, AK 99501-2623 - Downtown Anchorage MF Submarket

Property Type:Multi-Family Number of Units:55 Status:Existing Year Built:1953
Stories:2 Building Size:34,931 SF Land Area:.74 AC (32,234 SF)
For Sale Price:$4,250,000 Price/Unit:$77,272.73 Cap Rate:10.00 % GRM:-

Parking:.57 Parking Spaces / 1,000 SF

Sale Notes:
Two separate buildings. Currently used as a rooming house up to 135 beds. Mix of apartments and shared rooms. Maintained buildings with newer boilers. 3 stage electric in 527. Full service commercial kitchen located in 545. Complete Security cameras. Buildings master keyed. Numerous pkg sps are possible with removal of some fencing. Potential uses include rehab facility, assisted living, hotel or combination.
Existing AHFC loans are qualifying assumable.
Marketed by RE/MAX Dynamic Properties, Inc

East Addition L19-L23 B25A

RE/MAX Dynamic Properties
Kathleen Kowalczuk
(907) 257-0144

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