Multifamily Property For Sale - Must Sell-Owners Relocating

2799 Plack, North Pole, AK, 99705

 
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Must Sell-Owners Relocating

 

2799 Plack

North Pole, Alaska 99705
County: Fairbanks North Star
 
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  For Sale Active  
Type:Multifamily
Duplex/Triplex/Fourplex
No. Units:3
Building Size:3,584 SF
Lot Size:44,466 SF
Occupancy:100.00%
Price:$450,000
Price/Unit:$150,000
Cap Rate:6.60%
Date Last Verified:11/6/2008
Property ID:15833058
 
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 Additional Information 

Property Description:
Excellent growth area with the Alaska gas pipeline due to be constructed soon in this area. Multi-family housing needed for workers. Positioned between Ft. Wainwright Army post and Eielson Air Force base. 5 Star-Plus energy rating with triple-pane windows for heat conservation in the cold winter. Built summer of 2007, R-60 ceilings, R-26 Wardco panelized walls for excellent insulation. Radiant floor heat throughout. Heated garages, which is a must in Alaska. 2 boilers, 2 fuel tanks, arctic insulated 1,750 gallon septic. Additional 2 acre lot adjacent can be bought for $25,000, with full price offer, that has a gravel pad ready to build additional rental units. Unit A, 4 bed, 2.5 bath, W/D conn, heated garage; Unit B, 2 bed, 1 bath, W/D conn, heated garage; Unit C 1 bed, 1 bath, W/D conn, outdoor auto plug in for vehicles engines to stay warm, outside each unit . Each unit has new appliances. Maintenance free siding, top of the line fresh air-heat recovery system "HRV".

Location Description:
Must sell, owners re-locating, motivated sellers. Great income property in a growing area. Santa Land is three miles down the road with an ever active tourist industry, bringing revenue to the area; as do two active military bases and the University of Alaska. Go to our visual tour link and see a virtual tour of each unit and the outside. Going out Badger Rd from North Pole, turn right on Plack Rd, first driveway on the right.

  Financial Summary Actual  
Net Operating Income:$29,700
 
  Unit Mix Information
No Unit Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
8/4/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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