1027 Nelchina ST, Anchorage, AK 99501
1027 Nelchina ST, Anchorage, AK 99501
1027 Nelchina ST, Anchorage, AK 99501
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$429,000
Est. payment /mo
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4 Beds
5 Baths
2,337 SqFt
New

1027 Nelchina ST Anchorage, AK 99501

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,337 sqft

Price per Sqft $183

MLS Listing ID 26-11445

Bedrooms 4

Full Baths 5

Construction Status Existing Structure

Year Built 1953

Annual Tax Amount $2,462

Lot Size 7,000 Sqft

Acres 0.16

Source Alaska Multiple Listing Service

Property Description

Fully occupied 5-plex offering immediate rental income in a convenient Anchorage location! All five units are currently rented, generating $4,680/month and $56,160 in gross scheduled annual income. Several units have been updated in recent years, including remodeled Units 2 and 5 and additional improvements to Unit 4. Property offers off-street parking, individual unit entrances, and a long history as an income-producing property.
Current rents are $880, $1,100, $850, $850 and $1,000 per month, providing an investor with established income from day one while offering potential future upside as units turn over and rents are adjusted over time.
An excellent opportunity for an investor looking for an established multifamily property with 100% occupancy and value-add potential in the Anchorage market.
Buyer to verify all information, including rents, leases, expenses, zoning/use, financing eligibility and Letter of Non-Conforming Rights.

Location

State AK

Area 5 - Downtown Anchorage

Zoning R3 - Multiple Family Residential

Direction From Ingra go East on E 9th Ave to Nelchina. Turn rt on Nelchina. Property will be on left.

Interior

Heating Baseboard, Natural Gas

Exterior

Parking Features None

Waterfront Description None

Water Access Desc Public

Roof Type Unknown - BTV

Topography Level

Building

Lot Description Level

Foundation Unknown - BTV

Lot Size Range 0.16

Sewer Public Sewer

Water Public

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Fairview

Middle Schools Central

High Schools West Anchorage

Others

Tax ID 0031115200001

Acceptable Financing Cash

Listing Terms Cash


Alaska MLS
Listed by Real Broker Wasilla

NEARBY SCHOOL & BUSINESS

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Sharon Conner (Seymour)

Sharon Conner (Seymour)

Real Estate Broker & Mortgage Lender License ID: 188995

+1(907) 337-5363

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1027 Nelchina ST