2864 E 42nd AVE Pending Save Request In-Person Tour Request Virtual Tour
Anchorage,AK 99508
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,420 sqft
Price per Sqft $334
MLS Listing ID 24-12236
Bedrooms 4
Full Baths 2
Three Quarter Bath 2
Year Built 1963
Lot Size 10,827 Sqft
Property Description
MUNI Calls it a Duplex with 2 Cabins. All 4 Units Rent! Fabulous cash flow for the investor! Super cute well done and updated 3 Small and 1 Tiny House. Each unit has one bedroom and one bathroom. Many built-ins including the beds with dressers. So very well done! Long term renters. Each unit also has its own lockable storage building. Owner occupy and live virtually free, rent as BnB's, or continue with long term rentals. Each unit has it owns heating and hot water system. There are a total of 8 raised garden beds, 7 producing apples trees, and a sweet little court yard. Units are separate buildings so no common area to be concerned about and each tenant has there own 4 walls! Next summer Muni is putting in brand new water lines and septic lines! One unit has historical interest as it once was a 10 man barracks on the base, back in the day, although hard to see that now - its beautiful! Nice walkway to each unit off the ground. Various improvements have been made throughout the years! Muni says building was built 1963, however the Tiny House was built in 1979, there was an old mobile home from 1963 that has been removed long ago! Rent all 4 to create a wonderful cash flow opportunity or live in one unit and rent the others. Great area close to medical! Units are always rented. Currently owner occupies one unit. Rents are consistent for the 3 rented units bringing in $3,400 per month. Seller pays utilities. Rents have not been increased in quite a while.
Location
State AK
Area 40 - Seward Hwy To Boniface Pkwy
Zoning R3 - Multiple Family Residential
Interior
Heating Electric,Natural Gas,See Remarks
Exterior
Parking Features None
Roof Type Shingle
Building
Lot Description Level
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Lake Otis
Middle Schools Wendler
High Schools Bettye Davis East Anchorage
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA