22 S Sing Lee Aly - Apartments FOR SALE


Petersburg, AK 99833
$1,650,000 USD
907-518-1482
22 S Sing Lee Aly, Petersburg, AK for Sale
$1,650,000 USD
Apartments - FOR SALE
1/56
null | Request Cap Rate

22 S Sing Lee Aly
Petersburg, AK 99833


HIGHLIGHTS

  • Waterfront on three sides.

OVERVIEW

A rare opportunity in a legacy investment along the historic Sing lee Alley boardwalk in downtown Petersburg. This 4 unit condominium sale has been completely renovated and is the perfect turn-key investment for you. Whether you're seeking a modern vacation retreat, a year-round residence, or an investment opportunity with unmatched potential, this is your chance to live the waterfront lifestyle of your dreams. This building was built in 1996 by Dawson construction and attention was paid to every detail. Experience the allure of living on Sing Lee Alley where Norwegian history meets modern luxury at every turn. Unobstructed views of harbor life as well as foot traffic along the boardwalk create the perfect nesting experience on Mitkof island. Every remodeled unit boasts beautiful solid surface countertops, stainless steel appliances, washers and dryers in each unit, high end vinyl flooring, inviting bathrooms and open floor concept living rooms. On-demand water tanks allow for hot water all the time to each unit. A completely upgraded boiler system (located in the first floor utility room) with all new sensors make for the most efficient way to heat each unit through the floor. Wake up to the marine life and experience the night life of Petersburg from the comfort of your own condominium. The ground floor (unit 1) is occupied by 3 successful business' with 3 phase power, communal men's/women's bathroom, kitchen and dedicated entry. A private wrap around walkway brings you to a covered rear deck the entire length of the building as a separate entrance into units. Seller may consider seller-financing OAC. Unit 1: 3,249 square feet of retail space- 3 phase power, occupied by 3 independent business'. Communal kitchen with formal entry and dedicated mens/women's bathrooms in front. 4 dedicated parking spaces for occupants of Unit 1. Monthly Dues for this unit are $265.89 Unit 2: 1,732 square feet comprise this 1 Bedroom, one bathroom with 1 dedicated parking space. This unit overlooks Sons of Norway Hall and the Sing Lee Alley boardwalk. There is a private deck for entertaining or taking in the scenery off the northeast side of the unit. A wonderful formal entry with closet space separate you from open-living concept dining/living/kitchen area. Dedicated hallway leads you to a full bathroom and oversized bedroom with lots of natural light. The monthly dues for this unit are $79.53 and there is one dedicated parking spot. Unit 3: The biggest of the 4 units, this 2,456 square foot 2 bedroom, 1 full bathroom and one 3/4 bathroom unit is amazing! Views out 3 sides of this unit of the water with a wonderful covered deck off the west side for lounging, barbecuing or watching the marine life. The laundry is right off of the kitchen and close to both bedrooms. Beautiful glass interior doors partition the primary bedroom from the living room area. Rest in bed and enjoy the harbor lights with privacy blinds that can rise from the bottom or fall from the top. The monthly dues for this unit are $130.92 and there are two dedicated parking spots. Unit 4: 693 square foot one bedroom unit. This spacious but small unit boasts tons of natural light from the east side of the building and has a very private bedroom. The monthly dues for this unit are $64.20 and there is one dedicated parking spot.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

5

PRICE/UNIT

$330,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Miller Condominium

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1996

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

01-007-468

ASK ABOUT THIS PROPERTY

Bennett McGrathAnchor PropertiesMore Info
907-518-1482

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Bennett McGrathAnchor PropertiesMore Info
907-518-1482

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.