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    9000 Stephen Richards Memorial Dr Juneau, AK 99801

    Sponsored
    For Sale
    $3,200,000

    30-Unit Apartment Complex, High Occupancy

    Property size:
    18,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Juneau, Alaska investment opportunity presents a robust two-story, 30-unit apartment building situated on a 0.94-acre leased lot (41,075 square feet). The 18,240 square foot building comprises 29 one-bedroom, one-bathroom apartments and a single efficiency unit. The property boasts a proven track record of stable tenancy and consistent demand, ensuring a reliable income stream for the new owner. Long-term tenants contribute to low vacancy rates and predictable cash flow. The strategic location provides convenient access to local shops, schools, services, and recreational facilities, enhancing tenant appeal and minimizing turnover. Each unit is thoughtfully designed for comfortable living, maximizing space utilization and tenant satisfaction. The building's well-maintained structure and management history promise a smooth transition for the new owner, minimizing potential disruptions and maximizing immediate return on investment. This property offers a straightforward, lucrative addition to any investment portfolio seeking stable, consistent income generation in a desirable location. The asking price is $3,200,000.

    Property Features for 9000 Stephen Richards Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    18,240 SF
    Lot Size
    40,946 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Alderwood Apartments Apartment Building

    Map

    City
    Juneau
    County
    Juneau City And Borough
    State
    Alaska
    Longitude
    -134.5814
    Latitude
    58.38315

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    Nearby Similar for Sale

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      Alderwood Apartments: Juneau Investment

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    FAQs

    What type of property is this?
    Commercial real estate - 30-Unit Apartment Complex, High Occupancy
    Where is this commercial real estate located?
    The property is located at 9000 Stephen Richards Memorial Dr Juneau, AK.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (907) 321-9162
    Request Owner's contact information
    9000 Stephen Richards Memorial Dr Juneau, AK 99801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9000 Stephen Richards Memorial Dr Juneau, AK 99801
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