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    3397 Bellwood Street

    North Pole, AK 99705
    • $3,250,000
    • STATUS: Active
    • MLS #: 146903
    UPDATED: 8 min ago
    $3,250,000
    • 0
      BEDS
    • 6.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 41,768
      SQFT
    • $78
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1965
    Area:

    School Ratings & Info

    Description

    70 Unit Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity priced below July 2011 appraisal of $3.4 million. Capital upgrades include three new Buderus Boilers with Tekmar controller (2006), Hot water maker (2009), Fuel-Saving Coal boiler (2009), Engineered Septic System and leach field (2003), New Well system (2005) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Building to remain on property after connection to North Pole City Water. Staff includes an on-site manager, one maintenance personnel and a cleaner. All units are nicely maintained and the grounds are in superb condition. On-site maintenance shop makes for quick work of any needed repair. The on-site laundry room is clean and tidy and has 5 coin-operated washers and dryers for tenant needs. Rent roll shows outstanding high occupancy rates with minimal, if any, vacancies. Financials and Analysis package available upon request with signed non-disclosure and proof Financial Eligibility to purchase. Great opportunity for adding additional rental units or storage units on the south side of the parcel.

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    IDX information © 2021 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or RE/MAX Associates of Fairbanks.
    www.homesforsalefairbanksak.com/homes/116650153
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    3397 Bellwood Street North Pole, AK 99705

    • Price: $3,250,000
    • Status: Active
    • Updated: 8 min ago
    • MLS #: 146903
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.45
    Acres
    41,768
    SQFT
    $78
    $/SQFT
    1965
    Built
    Neighborhood:
    2S 3E
    Area:
    Salcha
    Property Description
    70 Unit Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity priced below July 2011 appraisal of $3.4 million. Capital upgrades include three new Buderus Boilers with Tekmar controller (2006), Hot water maker (2009), Fuel-Saving Coal boiler (2009), Engineered Septic System and leach field (2003), New Well system (2005) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Building to remain on property after connection to North Pole City Water. Staff includes an on-site manager, one maintenance personnel and a cleaner. All units are nicely maintained and the grounds are in superb condition. On-site maintenance shop makes for quick work of any needed repair. The on-site laundry room is clean and tidy and has 5 coin-operated washers and dryers for tenant needs. Rent roll shows outstanding high occupancy rates with minimal, if any, vacancies. Financials and Analysis package available upon request with signed non-disclosure and proof Financial Eligibility to purchase. Great opportunity for adding additional rental units or storage units on the south side of the parcel.
    Exterior Features

    Construction Frame Frontage Other/See Remarks Lot Size 5.0-9.9 Ac Parking Spaces 116

    Interior Features

    Approx Sq Ft Unit 501-1000 Heating Hot Water BaseboardOutdoor Boiler Living Units 70 Restrooms 70

    Property Features

    Apod YN Yes Business Type Other/See Remarks CCRs YN Z- Unknown Commercial Type Other/See Remarks Documents On File Profit &Amp; LossOther/See RemarksRent RollsFuel/Utility UsageLeases Fuel Source OilCoal Land Status Fee Simple Miscellaneous Living QuartersDelivery DoorAuto BayFencingOther/See Remarks Possession Recording Rent Includes WaterHeatTaxesBuilding MaintenanceSnow RemovalLawn MaintenanceSewerCommon Area MaintenanceParking Reo YN No Short Sale YN No Taxes $49982.10 Terms Cash/Refinance Type Of Property Other/See Remarks Utilities Public WaterWellSepticElectricPhoneBuried Fuel TankInternet Zoning General Use District - 1 Zoning Overlay Unknown

    Listing provided courtesy of Butch Currier of Somers Sotheby's.
    IDX information © 2021 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or RE/MAX Associates of Fairbanks.
     
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    RE/MAX Associates of Fairbanks
    105 Adak Avenue
    Fairbanks AK, 99701