505 W 2nd Avenue 505 W 2nd Avenue Anchorage, Alaska 99501 United States
505 W 2nd Avenue Anchorage, Alaska 99501 United States
$5,000,000
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Well-appointed one bedroom corporate suites right in the heart of downtown. This investment property caters to business professionals & is the perfect investment with upside opportunities! 12 year property tax credit just went into effect. The...
- 31
- Bedrooms
- 31
- Full Baths
- 22,050 Sq Ft.
- Interior
- .44 Acres
- Exterior
- Multi-Family Homes
- Property type
- 1950
- Year Built
- 23-5295
- Web Id
- 23-5295
- MLS ID
- 14
- days ago
About 505 W 2nd Avenue
Well-appointed one bedroom corporate suites right in the heart of downtown. This investment property caters to business professionals & is the perfect investment with upside opportunities! 12 year property tax credit just went into effect. The building is equipped with an elevator & fully sprinklered. This sale includes the separate parking lot that has a huge upside development opportunity! Each unit leases for $1820 per month, providing consistent rental income with high occupancy rates and potential for long-term appreciation. Due to its conversion into a long-term residential housing from being a hotel, Anchorage Grand Apartments qualified for the downtown property tax exemption starting for 12 years starting 2023!
Listing Courtesy of Real Broker Alaska, ALASKA MLS
05/22/20 21:31:49
Listing Courtesy of Real Broker Alaska, ALASKA MLS
05/22/20 21:31:49
PROPERTY INFORMATION
- Garage Info
- 0
- Heating
- Baseboard, Radiant
- Sewer
- Public Sewer
- View
- City Lights, Inlet, Mountains
EXTERIOR
- Construction
- Concrete, Post & Beam
- Roofing
- Unknown-BTV
ADDITIONAL INFORMATION
- Number of Units
- 31
Listing Courtesy of Real Broker Alaska
