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Property Description
Investment Opportunity in South Anchorage! Located near Taku Lake, this 12-unit apartment building offers an attractive mix of 2bedroom and 1bedroom apartments. Tenants enjoy spacious grounds, secured building access, on-site coin laundry, and private balconies for all upper-floor units. Many improvements over the years, including updated boilers / water heaters and unit remodels.Roof does not appear to be original. Most of the windows have been replaced with double pane vinyl. Old owner stated 1 boiler and hot water heater was replaced in 2018. 2nd boiler replaced in 2024 by Sage Mechanical. Last loan was AHFC, and all Health and Safety and Significant Deficiency items were repaired at the time. Professionally managed and manager would love to stay on - offering a competitive management rate. Seller offering to pay for paving and striping bid out of closing proceeds with a full price offer. Building is 100% occupied.
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