111 Muldoon Rd Anchorage, AK 99504

This fee-simple owned, 10-unit apartment building presents a compelling value-add investment opportunity in Anchorage, Alaska. Located at 111 Muldoon Rd, 99504, this two-story, 7,680 square foot building sits on a 14,520 square foot lot and boasts a 7% cap rate. The property, built in 1965 and renovated in 1970, features nine two-bedroom units and one three-bedroom unit, each with one bathroom. Recent upgrades include new windows and fixtures, and laminate flooring throughout. Residents enjoy the convenience of on-site coin-operated laundry and thirteen parking spaces. Currently operating at 80% occupancy, with two vacant units available for immediate viewing, this property offers significant upside potential. The building is zoned B3: General Business, providing flexibility for future uses. Its prime location offers easy access to Muldoon Road, the Glenn Highway, Joint Base Elmendorf-Richardson (JBER), and nearby shopping areas. The asking price is $1,350,000 ($135,000 per unit, $175.78 per square foot). An attractive assumable loan may be available. All information is subject to verification. Full access to all units is granted upon execution of a fully signed Purchase and Sale Agreement.