609 Cobb StPalmer, AK 99645

  • Residential income properties
  • 6,096 SF
For Sale
$725,000 View listing

Property Details for 609 Cobb St

Year built
1976
Lot size
0.22 AC
Property size (Sq ft)
6,096 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This fully occupied, six-unit apartment building at 609 S. Cobb St, Palmer, AK 99645, presents a compelling value-add investment opportunity. The 6,096 square foot building, constructed in 1976, sits on a 0.22-acre lot and boasts a Class B designation. Currently operating at 100% occupancy, the property offers six parking spaces and features two stories. The asking price is $725,000, translating to $118.93 per square foot and $120,833.33 per unit. Located in the heart of Palmer's commercial district, near the Palmer Post Office, this property offers significant upside potential. Current rents are below market rates, with month-to-month tenants, providing immediate opportunities for rental increases. The property's central location also makes it suitable for repositioning into an office building for an owner-user. Seller financing is available with a substantial down payment. This is an exceptional chance to acquire a well-located multifamily property with strong potential for increased profitability.

609 Cobb St, Palmer, Alaska

Location Insight

City
Palmer
County
Matanuska-Susitna
State
Alaska
Latitude
61.6012
Longitude
-149.118

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].