9000 Stephen Richards Memorial Dr - Apartments FOR SALE


Juneau, AK 99801
$3,200,000 USD
907-321-9162
9000 Stephen Richards Memorial Dr, Juneau, AK for Sale
$3,200,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

9000 Stephen Richards Memorial Dr
Juneau, AK 99801


OVERVIEW

Introducing an exceptional investment opportunity in Juneau, Alaska—a robust two-story apartment building with a proven track record of stable tenancy and consistent demand. This impressive two-story apartment complex offers 30 units, including 29 cozy one-bedroom, one-bathroom apartments and a charming efficiency unit. With a generous gross building area of 18,240 square feet, this property is a testament to smart space utilization and comfortable living. Situated on a spacious 41,075 square feet of leased land, this complex boasts long-term tenants, providing stable income potential for savvy investors. The building is strategically located, ensuring convenience for all tenants with easy access to local shops, schools, services, and recreational facilities, adding to the already considerable appeal for prospective renters seeking a blend of community and privacy. With the assurance of long-term tenants, this property presents a reliable income stream and limited vacancy rates, making it a particularly attractive option for investors aiming for a straightforward, lucrative addition to their portfolio. Each unit in the building reflects a commitment to maximizing tenant satisfaction, characterizing a thoughtful layout and functional living spaces. The building's structure and management have been upheld to ensure that new owners can anticipate minimal upheaval and a seamless transition.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

30

PRICE/UNIT

$106,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alderwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19 AC

LAND SF

827,640 SF

ZONING

D15

APN/PARCEL ID

5B210-131-0000

ASK ABOUT THIS PROPERTY

Angie NolanAlaska Unlimited RealtyMore Info
907-321-9162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Angie NolanAlaska Unlimited RealtyMore Info
907-321-9162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.