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4203 Wilson St 3.03 Acres of Residential Land Offered at $2,460,000 in Anchorage, AK 99503
Investment Highlights
- Convenient Location for Renters
- Stable, long-term tenants
- Clean, pleasant neighborhood
Executive Summary
Price includes $80K escrow for new asphalt on roads.
Anchorage is a beautiful and industrious city that is being discovered. With development bounded on all sides, it has a tightening housing market. It has a growing and diverse economy, with the two main economic drivers being defense and oil; two sectors that are looking very strong this next decade. As with many strong urban parks, $1000/mo lot rents are likely in the 5-10yr timeframe.
Park has a clean Phase I, and a mortgage with Northrim Bank, who would likely work with the property again as I have a perfect payment record with them.
Owning this park is a great excuse to expense travel for hiking, fishing, hunting, etc. Picture is of seller with king salmon caught 10 minutes from park.
Property is in a Qualified Opportunity Zone ( https://www.irs.gov/credits-deductions/businesses/opportunity-zones )
Bonus depreciation: everything outside of the land value in this park is bonus depreciable. Thus the purchaser can bonus depreciate over $2M of purchase price. Ask your CPA (or my CPA) about bonus depreciation.
You can text 252-375-4569 or email mcniel6@yahoo.com
I have a second park of almost exact size and numbers a mile away. Not quite as nice. Open to package deal.
Financial Summary (Actual - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$200,880
|
$66,297.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,880
|
$66,297.03
|
| Taxes |
$11,886
|
$3,922.77
|
| Operating Expenses |
$16,520
|
$5,452.15
|
| Total Expenses |
$28,406
|
$9,374.92
|
| Net Operating Income |
$172,474
|
$56,922.11
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $200,880 |
| Annual Per AC | $66,297.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,880 |
| Annual Per AC | $66,297.03 |
| Taxes | |
|---|---|
| Annual | $11,886 |
| Annual Per AC | $3,922.77 |
| Operating Expenses | |
|---|---|
| Annual | $16,520 |
| Annual Per AC | $5,452.15 |
| Total Expenses | |
|---|---|
| Annual | $28,406 |
| Annual Per AC | $9,374.92 |
| Net Operating Income | |
|---|---|
| Annual | $172,474 |
| Annual Per AC | $56,922.11 |
Property Facts
| Price | $2,460,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 3.03 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-2M | ||
| Price | $2,460,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 3.03 AC |
| Opportunity Zone |
Yes |
| Zoning | R-2M |
1 Lot Available
Lot 30 Spaces
| Price | $2,460,000 | Lot Size | 3.03 AC |
| Price Per AC | $811,881.19 |
| Price | $2,460,000 |
| Price Per AC | $811,881.19 |
| Lot Size | 3.03 AC |
30 space MPH. 27 occupied. No park owned. All long term, reliable residents who pay on time. City water/sewer.Excellent location in town: convenient and quiet, surrounded by $350k-600K homes. Possible 2 park package described below. Opportunity Zone.
Description
You won't find a more stable, solid park. All long term, reliable residents who pay on time. Excellent location in town: convenient and quiet, surrounded by $350k-600K homes. Possible 2 park package described below. Honestly, if you went to $800 lot rents, you wouldn't lose any tenants here. City water, sewer, gas, electric. All tenants are on Paylease/Zego/Cashpay so there is pretty much no management. No common areas. It is an excellent park. I wouldn't sell, but have unexpected liquidity needs. Price includes $80K escrow for new asphalt on roads. Anchorage is a beautiful and industrious city that is being discovered. With development bounded on all sides, it has a tightening housing market. It has a growing and diverse economy, with the two main economic drivers being defense and oil; two sectors that are looking very strong this next decade. As with many strong urban parks, $1000/mo lot rents are likely in the 5-10yr timeframe. Park has a clean Phase I, and a mortgage with Northrim Bank, who would likely work with the property again as I have a perfect payment record with them. Owning this park is a great excuse to expense travel for hiking, fishing, hunting, etc. Picture is of seller with king salmon caught 10 minutes from park. Property is in a Qualified Opportunity Zone ( https://www.irs.gov/credits-deductions/businesses/opportunity-zones ) Bonus depreciation: everything outside of the land value in this park is bonus depreciable. Thus the purchaser can bonus depreciate over $2M of purchase price. Ask your CPA (or my CPA) about bonus depreciation. You can text 252-375-4569 or email mcniel6@yahoo.com I have a second park of almost exact size and numbers a mile away. Not quite as nice. Open to package deal.
Presented by
Righteous Path Outfitters
4203 Wilson St
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