909 Chugach WayAnchorage, AK 99503

Property Details for 909 Chugach Way

Lot size

2.37 AC

Zone code

R-4A

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

010-114-28-000

APU

1011428000

Description

This exceptional 9.69-acre property in Anchorage, Alaska, presents a unique investment opportunity. The site encompasses 115-120 mobile home sites, a 4,200-square-foot commercial warehouse, a duplex, a small house, and a cabin. Currently generating approximately $300,000 in annual net operating income (NOI), this property offers immediate cash flow. Investors can capitalize on this strong performance by implementing value-enhancing improvements, such as adding rentable storage units, a community center, or laundry facilities to boost revenue. Alternatively, the R-4a zoning allows for high-density mixed-use redevelopment, unlocking significant potential for future growth. The property's location in a Qualified Opportunity Zone provides additional tax advantages for development. Built in 1960 and 1982, the property includes APNs 01114 28, 01114 08, 01114 36, and 01114 07, and is situated at 909 Chugach Way, Anchorage, AK 99503. The asking price is $6,100,000. This is a rare chance to acquire a substantial mixed-use asset in a thriving Alaskan market.

• CAP approach

  CAP return

  Valuation

  6%

  $34,529,800

  6.5%

  $31,873,660

  7%

  $29,596,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,640,996

  Geo Method

  $30,816,142

• Alternative Use

  Use

  Valuation

  Residential

  $31,873,660

  Hospitality

  $29,196,102

  Educational

  $24,290,814

  Medical

  $25,126,212

  Retail

  $37,785,708

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1876

Longitude

-149.9

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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