3635-3711 Carleton AVE Anchorage, AK 99517
33 Beds
33 Baths
15,246 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,246 sqft
Price per Sqft $186
Subdivision Carleton Square
MLS Listing ID 26-9458
Bedrooms 33
Full Baths 11
Half Baths 11
Three Quarter Bath 11
Construction Status Existing Structure
Year Built 1985
Annual Tax Amount $26,000
Lot Size 0.678 Acres
Acres 0.68
Source Alaska Multiple Listing Service
Property Description
The building is 100% occupied by credit-qualified tenants, whom pay their own G&E. Big upside to potentially operate bnbs given the fantastic Turnagain location.
The true value lies in the future. The seller has completed nearly all of the legal work necessary for a condominium conversion, allowing a new owner the opportunity to finish the process and potentially sell each townhouse individually. With an estimated market value of approximately $330,000 per unit, the property offers a compelling value-add strategy rarely found in today's market.
As an added bonus, the seller is also offering the adjacent R2M development parcel (MLS #26-6497). A builder recently confirmed the site can accommodate up to 10 additional units, and the project qualifies for the Municipality's tax abatement program. Purchase all properties together and the seller will offer a discounted package price, creating an exceptional opportunity to expand your footprint in one of Anchorage's strongest rental markets.
Whether you're seeking stable cash flow today, long-term appreciation, or the ability to unlock substantial equity through condominium sales, this is a truly one-of-a-kind investment opportunity in South Turnagain.
Buyer to verify all information.
Location
State AK
Community Carleton Square
Area 10 - Spenard
Zoning R2M - Multi Family Residential
Direction West on W Nortrhern Lights, Left (south) on McKenzie Drive (this turns into Carleton Avenue). Properties are near the end of the culdsac on the North side.
Interior
Heating Baseboard
Flooring Carpet, Laminate
Exterior
Parking Features Attached
Garage Spaces 11.0
Garage Description 11.0
Waterfront Description None
Water Access Desc Public
Roof Type Shingle,Asphalt
Topography Level
Building
Lot Description Level
Foundation Block
Lot Size Range 0.68
Sewer Public Sewer
Water Public
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Turnagain
Middle Schools Mears
High Schools West Anchorage
Others
Tax ID 01004520000
Acceptable Financing AHFC, Cash, Conventional
Listing Terms AHFC, Cash, Conventional
Nearby Locations