545 E 11th Ave - Apartments FOR SALE


Anchorage, AK 99501- North Star
$2,100,000 USD
907-715-0909
545 E 11th Ave, Anchorage, AK for Sale
$2,100,000 USD
Apartments - FOR SALE
1/16
null | 7.25% Cap Rate

545 E 11th Ave
Anchorage, AK 99501
North Star


HIGHLIGHTS

  • Units built to condo specs! Secured entry, carports & storage
  • Quiet, dead-end road, blocks away from Park Strip
  • Credit-worthy tenants and many improvements!

OVERVIEW

Downtown 15plex! New interior hallway remodel. Excellent historical cash-flow. Only a few blocks from the Park Strip on a quiet, dead-end road. All units have carports/plugins & secured/heated storage lockers. Separate electric meters. Upper units have private balconies. 100% occupied with well-qualified tenants! New, central fire alarm installed in 2023. 14x1bed/1bath & 1x3bed/1bath. The 1bedroom units are large and have an extra large closet which is a selling feature! Additional room next to laundry that has a bathroom and old sauna. Potential to add an ADU! Buyer to verify. Currently, owner pays for a master GCI internet package and charges back to tenants. Additionally, owner pays for the first $75 for each electric meter. Boiler system replaced in 2018. Each apartment has an individual electric water heater in the large closet in the bedroom. Majority of water heaters are new within 10 years, all have new Bluetooth sensors. ABC installed seamless gutters in 2022. Roof age unknown. Many recent improvements, including several unit remodels. Please allow 48 hours to show, Mon-Fri.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

17

PRICE/UNIT

$123,529

CAP RATE

7.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,323 SF

ZONING

R4

APN/PARCEL ID

00213355000

ASK ABOUT THIS PROPERTY

Ayla RogersBuyers Real EstateMore Info
907-715-0909

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Ayla RogersBuyers Real EstateMore Info
907-715-0909

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