About 409 W Northern Lights Boulevard
Excellent cash flow from long-term tenants at this AAA location mixed-use investment. The property includes retail, office, shop, and 2nd-floor residential units-newly remodeled with strong lease history and meticulous maintenance. Vacant lot included currently used for snow storage. Priced to sell at $2.35M (8.4% Cap Rate). Please don' disturb tenants, see package attached. Financials available.
Features of 409 W Northern Lights Boulevard
| MLS® # | 24-14671 |
|---|---|
| Price | $2,350,000 |
| Bedrooms | 10 |
| Bathrooms | 12.00 |
| Full Baths | 10 |
| Half Baths | 2 |
| Square Footage | 14,200 |
| Acres | 0.74 |
| Year Built | 1964 |
| Type | Multi-Family |
| Sub-Type | Apartment Style,Other - See Remarks |
| Status | Active |
Community Information
| Address | 409 W Northern Lights Boulevard |
|---|---|
| Area | 10 - Spenard |
| Subdivision | L2 & 3 W23.5' & L4 & L9 & L10 & 11 W23.5' Davis |
| City | Anchorage |
| State | AK |
| Zip Code | 99503 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Garage Spaces | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Construction | Block, Wood Frame |
|---|---|
| Foundation | Slab |
School Information
| Elementary | North Star |
|---|---|
| Middle | Romig |
| High | West Anchorage |
Additional Information
| Date Listed | December 4th, 2024 |
|---|---|
| Days on Market | 153 |
| Zoning | B3 - General Business |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Jack White Commercial |
|---|