FOR SALE
$350,000

1501 W 40th,
Anchorage AK 99503

Multi-Family
Other
4Bd 5.0Ba n/a Sq. Ft
17-10545
MLS ID
17-10545
Property ID
  Listing Office: Gary Cox - REAL ESTATE BROKERS OF ALASKA
This fixer upper duplex has huge potential. House with three potential bedrooms, 3 baths and a detached single car garage, plus an attached house with 2 additional bedrooms, 2 more baths and a double car shop/garage that has been converted into additional office/living space and a carport. Huge fenced parking area. Owner Financing available to qualified Buyers.

LISTING INFORMATIONActive Closed Pending Sold Under Contract
Originating MLS:
Source MLS: Alaska Multiple Listing Service Inc

MLS #
Property ID
17-10545
Property Type
Multi-Family, Other
Bedrooms
4
Municipality
County
Anchorage Municipality
Bathrooms
5
Lot Size
0.39 Acres
Year Built
1961
Construction
Wood Frame
Water
Public Water Service
Sewer
Public Sewer
Foundation
Concrete Block
Water
Public Water Service
Sewer
Public Sewer
Available Utilities
DSL Available
Units
2 Total
School Information
Elementary
WILLOW CREST
Middle
ROMIG
High
WEST ANCHORAGE
Room Information

Washer/Dryer Connection
Interior Features
Carbon Monoxide Detector
Laminate
Gas Heat,Forced Air, Baseboard
3
Laundry Facilities, Smoke Alarm
Exterior / Lot Features
2 Garage Spaces,10 Parking Spaces,RV Parking
Bituthene
Creek, Shed, Extra Storage,In City
Driving Directions
From Tudor Road, head North on Minnesota, turn East on West 40th Ave. Watch for sign on the left.
Financial Considerations
0101120700001
$6,724
2017
  Gary Cox -  REAL ESTATE BROKERS OF ALASKA - IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and , Copyright 2016 Realcomp II Ltd. Shareholders
Listing Courtesy of: Gary Cox - REAL ESTATE BROKERS OF ALASKA
Price History
Listing Price History for 1501 W 40th
Price History
Date
Event
Price
Source
06/26/2017
Active
$350,000
MLS
02/08/2013
Grant Deed
$0
Public Records
12/22/2000
Sold
$0
Public Records
Tax History
Year
Property Taxes
Change
Tax Assessment
Change
2017
$6,724
$429,400
2016
$6,882
$462,200
2015
$6,752
$459,300
2014
$6,398
$427,100
2013
$6,534
$419,900
Source: Public Records
Average High Rent $2,420/mo.
Average Median Rent $2,177/mo.
Average Low Rent $1,650/mo.

Rent estimates based on 60 comparable rental listings with matching bedrooms and approx. size in 2 mile radius.

Rental Data Provided by Rent Range

Purchasers are required to conduct their own due diligence and validation.

 
Monthly Yearly
Est. Cash Flow
-163.14 -1957.63
Est. Cap Rate
  4.02
Est. Cash on Cash Return
  -2.80
Est. Gross Yield
  7.24
NEARBY SCHOOLS
School Rating Out of 10
Grades
Distance
Public Schools
7 Romig Middle School
7-8
0.94 mi
NR Continuation School
7-12
0.99 mi
6 West High School
9-12
1.13 mi
NR Polaris K-12 School
K-12
2.35 mi
10 Northern Lights Abc K-8 School
K-8
2.86 mi
Private Schools
NR Holy Rosary Academy
K-12
1.01 mi
NR Faith Evangelical Lutheran School
K-8
2.53 mi
NR Lumen Christi
7-12
2.98 mi
NR Triple R School
11-12
3.42 mi
NR Gateway School & Learning Center
1-6
4.44 mi
Data Provided by GreatSchools.org
Drive Time
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Walk Score
People
Zip
City
County
National
Population
14,661
298,695
298,695
321,418,820
Population Density
709
175
175
89
People per Household
2.4
2.8
2.8
2.6
Median Age
34.3
32.6
32.6
37.4
Median Household Income
$46,123
$78,121
$78,121
$53,482
Average Income
$26,887
$36,508
$36,508
$28,555
Economy
Zip
City
County
National
Unemployment
5.70%
5.70%
5.70%
5.20%
Recent Job Growth
0.20%
0.20%
0.20%
1.60%
Future Job Growth
34.60%
34.60%
34.60%
38.00%
Sales Tax
0.00%
0.00%
0.00%
6.00%
Income Tax
0.00%
0.00%
0.00%
4.60%
Cost of Living Index
124.2
135.2
135.4
100
Environment
Zip
City
County
National
Altitude
95
215
2498
1443
Rainfall (inches annually)
18.5
21.7
21.3
39.2
Snowfall (inches annually)
82.1
112.5
107.3
25.8
January Avg. Low Temp
8.7
9.9
9.6
22.6
July Avg. High Temp
68
66.7
66.8
86.1
Days of Precipitation Annually
122
122
121
102
Days Mostly Sunny Annually
126
126
126
205
Comfort Index (during hot weather)
45
44
44
54
Broker: Viola Robinson
Viola.Robinson@xome.com
Broker: Jonathan Cerreta
Jonathan.Cerreta@xome.com
Xome Broker: Larry White Jr.
(602) 206-1262

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PREQUALIFY NOW
Courtesy: REAL ESTATE BROKERS OF ALASKA
Patrick G. "Gabe" Stephan, AK License #7676, Xome Inc., Entity #10010943, patrick.stephen@Xome.com, 844-400-9663 3801 Centerpoint Drive, Suite 200, Anchorage, AK 99503


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