Current Use by Public Records
- Apartment buildings
Property Details for 17/19 Driftwood Way
- Year built
- 1991
- Lot size
- 0.66 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents two income-producing four-plex apartment buildings situated on two separate 0.66-acre lots in Unalaska, Alaska. Located at 17/19 Driftwood Way, 99692, this property boasts a prime location in Dutch Harbor. Built in 1991 and extensively renovated in 2021, the buildings offer a combined 8,512 square feet of living space. Currently enjoying 100% occupancy, these properties provide a strong and consistent rental income stream, supported by an impressive rental history. The land lease extends until 2041, with two 20-year options to renew, ensuring long-term security for the investment. The asking price for this multifamily property is $1,320,000. The property's APN is 0403323. This is a rare chance to acquire a well-maintained, high-performing multifamily investment in a desirable location. Further details, including a marketing package, are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Unalaska
- County
- Aleutians West Census Area
- State
- Alaska
- Longitude
- -166.54
- Latitude
- 53.8914
