Great opportunity for positive cash flow! Well maintained property with many units updated. All 1 BR, 1 bath units with surprisingly large rooms and good storage, the type of properties in high demand for clients participating in AHFC's Public Housing Voucher Program (information attached in documents tab). Extensive pictures of exteriors and interiors of unoccupied units attached in photos tab.Buildings offered as a package (MLS # 19-13771) or individually, MLS 19-13769 and 19-13770.
In building 803, units 1,2,4 and 6 are vacant and updating has been completed. Unit 3 in building 803 is currently undergoing renovation, but is vacant and can be viewed as desired. In building 801, units 4 and 5 are vacant, updating completed and can be viewed. All other units are currently occupied -- any offers should be made subject to inspection of the occupied units after initial agreement.
Licensees: There is a lockbox for each building on the metal railing next to the security entrance for each building. For building 801, all keys that are needed to enter the building and show units 4 and 5 are in the lockbox. For building 803, the key to the security door and to unit 4 are in the lockbox. The keys to the other vacant units in this building, as well as a common key for the utility room in each building, are on the island/breakfast bar in unit 4. Please return these keys where you found them after showing.
Ample off-street parking on the front E 12th Avenue side as well as the rear alley access side. Low maintenance metal siding in good condition for both buildings. Each building has an electronic monitored fire alarm system that ties into the two smoke alarms in each unit.
High-efficiency boiler installed in 801 E 12 eight years ago. Two new hot water heaters recently installed in 803 E 12.
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Listing information last updated on August 7th, 2020 at 10:34pm AKDT.