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Anchorage Mobile Home Park 4203 Wilson St 30 Unit Mobile Home Park $2,460,000 ($82,000/Unit) Anchorage, AK 99503
Investment Highlights
- Convenient Location for Renters
- Stable, long-term tenants
- Clean, pleasant neighborhood
- Excellent location in town: convenient and quiet, surrounded by $350k-600K homes.
Executive Summary
You won't find a more stable, solid park. All tenants are on Paylease/Zego/Cashpay so there is pretty much no management. No common areas. It is an excellent park.
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.
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.
Property Facts
| Price | $2,460,000 | Building Class | C |
| Price Per Unit | $82,000 | Lot Size | 3.03 AC |
| Sale Type | Investment | Building Size | 25,000 SF |
| No. Units | 30 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1969 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R2M - Residential | ||
| Price | $2,460,000 |
| Price Per Unit | $82,000 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.03 AC |
| Building Size | 25,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
| Zoning | R2M - Residential |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01021429000 | Improvements Assessment | $97,100 |
| Land Assessment | $510,900 | Total Assessment | $608,000 |
Property Taxes
Parcel Number
01021429000
Land Assessment
$510,900
Improvements Assessment
$97,100
Total Assessment
$608,000
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Anchorage Mobile Home Park | 4203 Wilson St