For Sale
$1,350,000

111 Muldoon RdAnchorage, AK 99504

10-unit apartment building, high cap rate, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Available for qualified buyers.
  • Further details available upon request.
  • Information subject to verification.
  • Units shown only after fully executed Purchase and Sale Agreement.

Property Details for 111 Muldoon Rd

Property type
Apartment buildings
Square Feet
7,680 SF
Year Built/Renovated
1965/1970
Buildings
1
Stories
2
Units
10

Location Insight

City
Anchorage
County
Anchorage Municipality
State
Alaska
Latitude
61.223912628407
Longitude
-149.73337821167
111 Muldoon Rd, Anchorage, Alaska

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111 Muldoon Rd
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