17398 W Parks Highway, Houston

$349,900

9 Beds
10½ Baths
6,120 Sqft
¾ Acres
1 Garages

Awesome 6-plex with amazing 1620 square foot 3 bedroom, 3 bath home on the Little Susitna River. This is an incredible investment opportunity that doesn't come around often. This one will not last long!Incredible investment opportunity. Seller had a major situation occur that resulted in her not focusing on the property for a couple of years. When she was focusing on the property, she says that the vacancy rate was almost 0. She if now working to get units rented out but currently only has 1 renter. She is going through property and painting, updating, fixing windows, etc. now.

The 6-plex used to be a 7-plex but she took 2 units and combined them into 1 larger unit.

Unit 1 is an efficiency unit, it has rented for $500 in the past.
Unit 2 is a 1 bedroom, 1 bathroom unit that has rented for $650 historically.
Unit 3 is a 1 bedroom, 1 bathroom. It has new flooring. It has rented for $750 historically.
Unit 4 is a large unit. It has two bathrooms and 2 bedrooms. It has historically rented for $850.
Unit 5 is newly remodeled and historically has rented for $850.
Unit 6 is a two story unit. It has 2 bedrooms, 2 bathrooms and new floors.

The home is 1,620 square feet. There are 3 bedrooms. 2 on the 3rd floor and the master on the 1st floor. There are also 3 bathrooms. All plumbing, heating and hot water new in 2019. This home was a smaller home that was just recently added onto and completely remodeled, updated.
The new foundation was also just put in when home was added onto.

The property adjoins the Little Susitna River.

There is an attached Property Analyzer that has estimated numbers based on the list price and historical expenses and rents. This is not a reflection of the property today, as there is only 1 rented unit currently.

Seller is willing to sell for $395,000 if cash or financed. Seller is willing to owner finance for $425,000 with a minimum of $125,000 down payment.

Essential Information
MLS® #20-3321
Price$349,900
Bedrooms9
Bathrooms10.50
Square Footage6,120
Acres0.75
Year Built1977
TypeMulti-Family
Sub-Type5+ Units, Other - See Remarks
StatusActive
Community Information
Address17398 W Parks Highway
AreaHO - Houston
SubdivisionBryant #2 L8
CityHouston
StateAlaska
Zip Code99623
Amenities
Parking Spaces10
Garage Spaces1
GaragesAttached
ViewRiver
Is WaterfrontYes
WaterfrontRiver
Interior
HeatingOther-See Remarks, Radiant
Exterior
ExteriorWood
RoofMetal
ConstructionWood Frame
Foundation

Concrete Block, Pilings, Unknown-BTV

School Information
ElementaryBTV-Undiscl by LL
MiddleBTV-Undiscl by LL
HighBTV-Undiscl by LL
Additional Information
Date ListedMarch 12th, 2020
Days on Market85
ZoningPH - Parks Highway
Listing Office:

Keller Williams Realty Alaska Group of Wasilla

Property History
Price Reduced from $399,900 to $349,900
LISTING MAP

Get directions to this property:

Alaska Multiple Listing Service Inc Logo DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the AK MLS IDX of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than RE/MAX Dynamic Properties are marked with either the listing brokerage's logo or the AK MLS IDX logo and information about them includes the name of the listing brokerage.

All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.

Listing information is updated every fifteen minutes.

Copyright 2020 Alaska Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on June 5th, 2020 at 6:34pm AKDT.