111 Muldoon RdAnchorage, AK 99504

Property Details for 111 Muldoon Rd

Year built

1965

Construction

WOOD FRAME

Lot size

0.33 AC

Property size (Sq ft)

7,680 SF

Zone code

B3 GENERAL BUSINESS

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

006-041-04-000

APU

604104000

Description

This fee-simple owned, 10-unit apartment building presents a compelling value-add investment opportunity in Anchorage, Alaska. Located at 111 Muldoon Rd, 99504, this two-story, 7,680 square foot building sits on a 14,520 square foot lot and boasts a 7% cap rate. The property, built in 1965 and renovated in 1970, features nine two-bedroom units and one three-bedroom unit, each with one bathroom. Recent upgrades include new windows and fixtures, and laminate flooring throughout. Residents enjoy the convenience of on-site coin-operated laundry and thirteen parking spaces. Currently operating at 80% occupancy, with two vacant units available for immediate viewing, this property offers significant upside potential. The building is zoned B3: General Business, providing flexibility for future uses. Its prime location offers easy access to Muldoon Road, the Glenn Highway, Joint Base Elmendorf-Richardson (JBER), and nearby shopping areas. The asking price is $1,350,000 ($135,000 per unit, $175.78 per square foot). An attractive assumable loan may be available. All information is subject to verification. Full access to all units is granted upon execution of a fully signed Purchase and Sale Agreement.

• CAP approach

  CAP return

  Valuation

  6%

  $2,568,738

  6.5%

  $2,371,143

  7%

  $2,201,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,618,498

  Geo Method

  $2,292,472

• Alternative Use

  Use

  Valuation

  Residential

  $2,371,143

  Hospitality

  $2,171,954

  Educational

  $1,807,041

  Medical

  $1,869,188

  Retail

  $2,810,952

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2239

Longitude

-149.733

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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