4203 Wilson St - Residential LAND FOR SALE


Anchorage, AK 99503- Spenard131,987 SF
$2,460,000 USD
800-925-1943
4203 Wilson St, Anchorage, AK for Sale
$2,460,000 USD
Residential LAND - FOR SALE
1/15
131,987 SF

4203 Wilson St
Anchorage, AK 99503
Spenard


HIGHLIGHTS

  • Convenient Location for Renters
  • Clean, pleasant neighborhood
  • Stable, long-term tenants

OVERVIEW

You won't find a more stable, solid park. All tenants are on Paylease/Zego/Cashpay so there is pretty much no management. No common areas. It is an excellent park. Price includes $80K escrow for new asphalt on roads. Anchorage is a beautiful and industrious city that is being discovered. With development bounded on all sides, it has a tightening housing market. It has a growing and diverse economy, with the two main economic drivers being defense and oil; two sectors that are looking very strong this next decade. As with many strong urban parks, $1000/mo lot rents are likely in the 5-10yr timeframe. Park has a clean Phase I, and a mortgage with Northrim Bank, who would likely work with the property again as I have a perfect payment record with them. Owning this park is a great excuse to expense travel for hiking, fishing, hunting, etc. Picture is of seller with king salmon caught 10 minutes from park. Property is in a Qualified Opportunity Zone ( https://www.irs.gov/credits-deductions/businesses/opportunity-zones ) Bonus depreciation: everything outside of the land value in this park is bonus depreciable. Thus the purchaser can bonus depreciate over $2M of purchase price. Ask your CPA (or my CPA) about bonus depreciation. You can text 252-375-4569 or email mcniel6@yahoo.com I have a second park of almost exact size and numbers a mile away. Not quite as nice. Open to package deal.

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/ACRE

$811,881/AC

PRICE/SF

$19 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

3.03 AC

LAND SF

131,987 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-2M

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Paul McNielRighteous Path OutfittersMore Info
800-925-1943

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Paul McNielRighteous Path OutfittersMore Info
800-925-1943

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