309 N Klevin ST, Anchorage, AK 99508
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309 N Klevin ST Anchorage, AK 99508

9 Beds

4 Baths

4,088 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,088 sqft

Price per Sqft $124

MLS Listing ID 26-5808

Bedrooms 9

Full Baths 4

Construction Status Existing Structure

Year Built 1985

Annual Tax Amount $6,780

Lot Size 6,250 Sqft

Acres 0.14

Property Sub-Type Fourplex

Source Alaska Multiple Listing Service

Property Description

Stable Mountain View 4-plex with strong pro forma upside on a quiet street near JBER, schools, and shopping. Fully occupied by long-term tenants (2 to 5+ years), all current and on time, all on month-to-month leases -- giving a new owner flexibility to raise rents to market or occupy a unit. Current gross rent of $51,600/yr reflects below-market rates; comparable Mountain View 4-plexes with similar unit mix are achieving closer to $65,000/yr, representing roughly $12,000/yr in lease-up potential.

Individual electric meters (tenant-paid); owner currently covers gas, water/sewer, and refuse.
Investor-ready with a clear path to a 7%+ pro forma cap rate. Also a strong fit for an owner-occupant seeking a multi-unit property where rental income from the other units helps offset the mortgage.

Showings by appointment with minimum 24-hour notice -- tenants in place.

Location

State AK

Area 50 - Post Rd - Glenn Hwy

Zoning R3 - Multiple Family Residential

Direction From Mountain View Drive, head north on Klevin, property is just past Peterkin on the right. Or use Google Maps.

Interior

Heating Baseboard

Flooring Luxury Vinyl Plank, Travertine Tile, Carpet, Linoleum

Exterior

Parking Features None

Waterfront Description None

Roof Type Composition,Shingle,Asphalt

Topography Level

Building

Lot Description Level

Foundation Block, Poured Concrete

Lot Size Range 0.14

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Mountain View

Middle Schools Clark

High Schools Bettye Davis East Anchorage

Others

Tax ID 00502639000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange


Alaska MLS
Listed by Jack White Real Estate
Luke Steele

Luke Steele

Owner/Licensee | License ID: ak.116641

+1(907) 310-2822

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309 N Klevin ST