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2700 McRae Road, Anchorage, AK 99517

$1,750,000
Property Type: Multi-Family Bedrooms: 31 Baths: 16 Square Footage: 15,571 Lot Size (sq. ft.): 21,320 Status: Closed
Current Price: $1,750,000 Last Modified: 2/10/2025

Description

This 8-unit community presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management. Gross annual income: $223K. Annual Op Ex: $56K. NOI: $166K. 4-bedroom units increasing to $2,500/mo upon lease expiration allows for increased ROI for an investor after acquisition. Property being sold as-is, where-is.

More Information MLS# 24-11650

Contract Info

Foreclosure/Bank Own: No Price-List: 1750000 Date-Listing: 2024-09-09 Status: Closed

Location, Tax and Legal

Region: 1 - Southcentral Alaska Region Borough/Census Area: 1A - Anchorage Municipality Grid # (Muni Anch): SW1727 Tax Map #-Mat-Su: N/A Legal: Willard #2 TR 28 Taxes (Estimated): 20536.38 Tax Year: 2024 School-Elementary: Northwood School-Middle: Romig School-High: West Anchorage

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Bathrooms Half: 0 Bathrooms Three Quarter: 0 Bathrooms Full: 16 Bathrooms Total: 16 Bldgs-Ttl #: 1 Acres: 0.49 SF-Lot: 21320 Lot Area Source: Tax Authority Zoning: R2M - Multi Family Residential Garage Spaces: 16 Carport Spaces: 0 Prkg Spcs: 12 Beds: 31 Year Built: 2009 SF-Res: 15571 Number of Units: 8

Directions and Remarks

Directions: Refer to Google Maps or any alternative maps application.

Multi-Family Type

Side by Side: 1 5+ Units: 1

Building Info

Units-# of 3 BR: 1 Units- # of 4+ BR: 7 Vacancy Rate: 0

Listing Terms Financing

1031 Exchange: 1 AHFC: 1 Cash: 1 Conventional: 1

Exterior Finish

Vinyl: 1

Heating

Forced Air: 1 Natural Gas: 1

Topography

Level: 1

Roof Type

Asphalt: 1

Construction Type

Block: 1 Wood Frame - 2x6: 1

Foundation Type

Block: 1

View Type

Mountains: 1

Wtrfrnt-Access Near

None: 1

Garage Type

Tuck Under: 1

Wtrfrnt-Frontage

Creek: 1

Carport Type

None: 1

Flooring

Laminate: 1 Luxury Vinyl: 1

Sewer-Type

Public Sewer: 1

Water Source

Public: 1

Access Type

Dedicated Road: 1 Paved: 1 Maintained: 1

Features-MultiFamily

In City Limits: 1 Smoke Detector(s): 1 Washer/Dryer: 1

Docs Avl for Review

Lease: 1

Income & Expenses

Income-Net Operating: 177000 Income-Rent Mo Total: 18750

Sold Info

Date-Pending: 2024-12-03 Date-Closing: 2025-02-10

Location Tax and Legal

Area: 10 - Spenard Street #: 2700 Street Name: McRae Arterial: Road Closest USPS Town: Anchorage State: AK Zip Code: 99517

Property Features

Multi-Family Type: Side by Side; 5+ Units Exterior Finish: Vinyl Roof Type: Asphalt Foundation Type: Block Construction Type: Block; Wood Frame - 2x6 Garage Type: Tuck Under Carport Type: None Heating: Forced Air; Natural Gas Sewer-Type: Public Sewer Water Source: Public Access Type: Dedicated Road; Paved; Maintained View Type: Mountains Topography: Level Wtrfrnt-Frontage: Creek Wtrfrnt-Access Near: None Features-MultiFamily: In City Limits; Smoke Detector(s); Washer/Dryer Flooring: Laminate; Luxury Vinyl Docs Avl for Review: Lease Listing Terms Financing: 1031 Exchange; AHFC; Cash; Conventional

Documents

View Document Offering Memorandum ›
Listing Office: Jack White Commercial
IDX
Last Updated: February - 10 - 2025
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
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