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This 7plex Pencils @ an 8.6% Cap Rate! Three remodeled units in the past 6 months, (over $31K in upgrades!) Well maintained, with stable long term tenants. Two separate buildings, a 4BD/2BA ''Owners Unit'' w/large garage, and Four 1BD's. Opposite that, a 2BD-1BD duplex. New roofs in 2015, 2012 W.H., & 2005 boiler. Extra insulation and improved venting in 2010. Windows & trim painted 20 Major appliances have been replaced as needed. Present owner has owned for ten years, self manages. All rents include utilities. NOTE additional R4 lot, 3120 sf, adds value. MOA says it's buildable. Address for that parcel is 210 N. Park.
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Listing information last updated on July 11th, 2020 at 3:34pm AKDT.