3401 E 15th Avenue, Anchorage, AK 99508 (MLS# 25-11929)

Multi-Family Type: Four-Plex

Exterior Finish: Wood

Roof Type: Shingle

Foundation Type: Block

Heating: Baseboard; Natural Gas

Sewer-Type: Public Sewer

Water Source: Public

Access Type: Paved; Maintained

Wtrfrnt-Frontage: None

Wtrfrnt-Access Near: None

Flooring: Carpet; Laminate; Tile

Listing Terms Financing: Assumable; Cash; Conventional; FHA; VA Loan

Unit 1 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August. Unit 2 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August. Unit 3 - 2BR/1BA: $1,750/mo, renewed for a new 12-month lease in August. Unit 4 - 2BR/1BA (Furnished): $1,950/mo, lease until November; furnishings can convey for an easy continuation as a mid-term rental or potential STVR. Owner-occupants can move into Unit 4 at its November turnover and let the other three units ($5,250/mo) offset your payment. With an estimated $5,158/mo PITI at 5% down, your personal net cost of housing could be ~$800 after all expenses for the entire building. Investors can purchase turnkey with estimated $4,467/mo PITI at 20% down. Potential gross income after PITI ~$2,465/mo. That's ~18% pre-expense cash-on-cash return. Additional highlights: Airport Heights neighborhood, handsome finishes (flooring + cherry cabinets), new boiler, and proximity to major employment/education hubs. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures. Proforma in MLS Docs - Seller is Owner/Agent.