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$715,000

Pending - 07/10/2018
  • Multifamily
  • |
  • 11 Beds
  • |
  • 11 Baths
  • |
  • 5,720 SqFt
  • |
  • MLS# 18-10129

Jerry Moses's Photo

Jerry Moses

Associate Broker/REALTOR ®
  • (907) 352-1808Direct
  • (907) 232-1578Cell

PROPERTY DETAILS

MLS#:
18-10129
Type:
Multifamily
List Price:
$715,000
Beds:
11
Listing Date:
06/15/2018
Pending Date:
07/10/2018
Baths:
11
Status:
Pending
Year Built:
2002
Days on Market:
25
Multi-Family Type:
  • Other - See Remarks
  • Ranch
  • Up and Down
View Type:
  • Mountains

Description

Rare opportunity to invest in a 11 unit multi-family consisting of three buildings in the heart of downtown Palmer. Ranch style four-plex built in 2002 and try-plex built in 2000, along with remodeled original two story four-plex. All units are one bedroom one bath. Most units appear to be under rented. Owner will offer owner financing or obtain bank financing. Various units have been updated. Each building has a separate gas meter. Tri-plex units have washer and dryer hook ups and dishwashers. Coin op washer and dryer available.


Location

Region:
1 - Southcentral Alaska Region
Borough:
1D - Matanuska Susitna Borough
Area:
PA - Palmer
Zoning:
R3 - Medium Density Multi-Family (re: City Palmer)

Schools

Elementary School:
Sherrod/Swanson
Middle School:
Palmer
High School:
Palmer

SQUARE FOOTAGE

Approx. Building Square Footage:
5,720
Lot Square Footage:
28,314
Acres:
0.65

HOME/BUILDING

Total Number of Buildings:
Total Number of Units:
11 
Construction Status:
Existing Structure 

Features

Multi-Family Features:
  • CO Detector(s)
  • DSL-Cable Available
  • In City Limits
  • Laundry Facility
  • Smoke Detector(s)
  • Tenant Storage
  • Vaulted Ceiling
  • Washer/Dryer HkUp
Access Type:
  • Gravel
  • Maintained
  • Paved
Topography:
  • Level
Construction Type:
  • Other
  • Wood Frame - 2x6
Foundation Type:
  • Block
  • Poured Concrete
Roof Type:
  • Metal
Exterior Finish:
  • Metal
  • Vinyl
Construction Type:
  • Other
  • Wood Frame - 2x6
Fuel Type:
  • Natural Gas
  • Other - See Remarks
  • Sep Metered Electric
Heat Type:
  • Baseboard
  • Radiant
Water Type:
  • Public
Sewer Type:
  • Public Sewer

TAX/FINANCIAL

Assessed Value:
$781,200.00
Tax ID:
5008B01-200
Tax Year:
2017
Taxes:
$10,081
New Finance:
  • AHFC
  • Cash
  • Owner Finance

Expenses

Annual Expense:
$43,753.00
Electric Expense:
$1,632.00
Gas Expense:
$4,896.00
Insurance Expense:
$5,404.00
Management Expense:
$7,040.00
Water/Sewer Expense:
$5,160.00

Income

Gross Annual Income:
$92,640.00

SALE INFORMATION

Listing Office Name:
Jack White Real Estate Mat Su

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MLS

©2018 Alaska Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Alaska MLS IDX Program of Alaska Multiple Listing Service, Inc. (AKMLS). Information provided is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Jack White Real Estate are marked with either the listing firm's logo or IDX logo. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing Data Updated as of 07/21/18

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