PRICE: $435,000 (full assignment price)
ARVE: ~$606,000 (See Cap Rate Calculation Below)

Cross-streets: Boniface Pkwy & 40th Ave

• Type: Triplex
• Total Units: 3
  • Unit 1: 4 Bedrooms / 1.5 Bathrooms (Owner-occupied)
  • Unit 2: 2 Bedrooms / 1 Bathroom (Currently vacant; scheduled to rent at $1,350/month)
  • Unit 3: 2 Bedrooms / 1 Bathroom (Leased at $1,200/month; 2 months remaining)
• Total Living Area: 3,122 s.f.
• Lot Size: 10,225 s.f.
• Year Built: 1968
• Zoning: R2M – Multi-Family Residential
• APN: 0070811900001
• Utilities:
  • 2 Electric Meters
  • 1 Gas Meter
  • 1 Water Meter
  • Owner pays utilities for Unit 1; Units 2 and 3 are separately metered for electricity

Financial Highlights:

• Projected Gross Monthly Rent: $5,050
  • Unit 1: $2,500 (Owner-occupied; includes utilities)
  • Unit 2: $1,350 (Projected)
  • Unit 3: $1,200 (Current)
• Projected Gross Annual Rent: $60,600
• Estimated Cap Rate: 6% (Based on projected income and expenses)
• Est. Value based on 40% Expense ratio = $60,600 X 60% = $36,360 / 6% = $606,000

Comparable Sales:

• 401 Idaho St., Anchorage, AK 99504
  • Sold: January 2025
  • Price: $560,000
  • Details: 6 Beds / 3 Baths / 3,319 s.f.
  • Features: Fully remodeled duplex with ample parking and fenced yards
• 5200 Leslie St. #1, Anchorage, AK 99508
  • Sold: May 2024
  • Price: ~$550,000
  • Details: Tri-plex
  • Features: 2754 s.f., 6/3, Remodeled
• 3935 Lynn Dr., Anchorage, AK 99508
  • Listed: January 2025
  • Price: ~$555,000
  • Details: 5-Plex / 9 Beds / 5 Baths / 4,224 s.f.
  • Features: Recent upgrades including new roof and appliances

Location Highlights:

• Neighborhood: near University of Alaska @ Anchorage
• Nearby Amenities:
  • Education: College Gate Elementary, Wendler Middle School, Bette Davis East Anchorage High School
  • Transportation: Easy access to major roads and public transportation

We are marketing our equitable interest in this Property, and offering to Assign our contract with owner to a qualified Buyer.