9000 Stephen Richards Memorial Dr Juneau, AK 99801
- Commercial real estate
- 18,240 SF
- 0.94 lot acres
Current Use by Public Records
- Alderwood Apartments / Apartment Building
Property Details for 9000 Stephen Richards Memorial Dr
- Year built
- 1984
- Lot size
- 0.94 lot acres
- Property size
- 18,240 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Juneau
- County
- Juneau City And Borough
- State
- Alaska
- Longitude
- -134.581
- Latitude
- 58.3831
