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    9000 Stephen Richards Memorial Dr Juneau, AK 99801

    Sponsored
    For Sale
    $3,200,000

    30-unit apartment building, strong rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Juneau, Alaska investment opportunity presents a two-story, 30-unit apartment building situated on a 41,075 square foot lot. Built in 1984, the property features 29 one-bedroom, one-bathroom apartments and a single efficiency unit, totaling 18,240 square feet of gross building area. The building benefits from a D-15 permitted zoning classification and enjoys a history of stable tenancy and consistent demand, providing a reliable income stream for investors. Long-term tenants contribute to low vacancy rates and predictable cash flow. The convenient location offers easy access to local amenities, including shops, schools, and recreational facilities, enhancing its appeal to renters. The property's well-maintained condition ensures a smooth transition for new ownership, minimizing potential disruptions. This multifamily, mixed-use property is offered at $3,200,000 and represents a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property is located at 9000 Stephen Richards Memorial Dr, Juneau, AK 99801.

    Property Features for 9000 Stephen Richards Memorial Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1984
    Stories
    2

    HighLights

    • 30‑unit apartment building in Juneau, AK on a 41,075 sq ft lot.
    • 18,240 sq ft gross building area, constructed in 1984.
    • 29 one‑bedroom/one‑bathroom units and one efficiency unit.
    • D‑15 zoning; stable tenancy and consistent demand.
    • Offered at $3,200,000.
    • Located at 9000 Stephen Richards Memorial Dr, Juneau, AK 99801.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alderwood Apartments Apartment Building

    Map

    City
    Juneau
    County
    Juneau
    State
    Alaska
    Longitude
    -134.5783905
    Latitude
    58.382352

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    FAQs

    What type of property is this?
    Multifamily property - 30-unit apartment building, strong rental income.
    Where is this multifamily property 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.
    What are key features of this property?
    This property features: 30-unit apartment building in Juneau, AK on a 41,075 sq ft lot.; 18,240 sq ft gross building area, constructed in 1984.; 29 one-bedroom/one-bathroom units and one efficiency unit.
    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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