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    197-199 Driftwood Way Unalaska, AK 99685

    Sponsored
    For Sale
    $1,250,000

    Eight-unit apartment complex, 100% occupied.

    Property size:
    8,252 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity presents two townhouse-style fourplexes situated on a spacious 0.59-acre lot in Unalaska, Alaska. Boasting stunning views, the property comprises eight units within two buildings, totaling 8,252 square feet. Constructed in 1991, this well-maintained complex currently enjoys 100% occupancy, demonstrating a strong rental history. The owner has consistently invested in upgrades and improvements to both the interior and exterior of the units over the years, ensuring high-quality accommodations for tenants. The property includes ample parking with 10 spaces available. The convenient location at 197/199 Driftwood Way, Unalaska, AK 99685, offers residents easy access to local amenities. This institutional-grade investment is offered at $1,250,000 and features a ground lease. The property's APN is 0110130. The zoning is currently unknown (UNK). This is a remarkable opportunity for investors seeking a stable, high-performing multifamily asset in a desirable location. Note that this property is also available as part of a larger package deal (MLS #23-14076).

    Property Features for 197-199 Driftwood Way

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,252 SF
    Lot Size
    25,700 SF

    Building Details

    Year Built
    1991
    Buildings
    2
    Units
    8

    HighLights

    • Exceptional multifamily investment opportunity: Two fourplex townhouses on a 0.59‑acre lot in Unalaska, AK.
    • Eight units totaling 8,252 square feet, built in 1991.
    • 100% occupancy with strong rental history and recent upgrades.
    • Ample parking (10 spaces) at 197/199 Driftwood Way, Unalaska, AK 99685.
    • Offered at $1,250,000 with a ground lease; APN 0110130.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Unalaska
    County
    Aleutians West Census Area
    State
    Alaska
    Longitude
    -166.5385819
    Latitude
    53.8935181

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit apartment complex, 100% occupied.
    Where is this multifamily property located?
    The property is located at 197-199 Driftwood Way Unalaska, AK.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity: Two fourplex townhouses on a 0.59-acre lot in Unalaska, AK.; Eight units totaling 8,252 square feet, built in 1991.; 100% occupancy with strong rental history and recent upgrades.
    Request Owner's contact information
    197-199 Driftwood Way Unalaska, AK 99685
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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
    197-199 Driftwood Way Unalaska, AK 99685
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