Supplements: Known as Beluga Flats (see the metal whale sign!), this property sits on nearly 34,000 square feet of buildable, high density zoning (B-3 zoning) and allows for both residential and commercial use. The parking lot is seal coated and painted. Loads of parking with the potential to build covered parking for extra income. This property is being offered for sale at $2,265,000 or a 6.65% cap rate based on profit and loss data. Take advantage of historically low commercial financing rates with commercial financing rates in the low to mid 4% range! Take advantage of the fact that this investment will have no significant deferred maintenance for years to come. Of the hundreds of commercial multifamily properties in Anchorage, this is one of the handful built in the last decade and it shows with operating expenses thousands of dollars less than comparably sized 1960's and 70's properties.