1009 W 30th Street, Anchorage, AK 99503 (MLS# 24-6872)

Supplements: Since acquiring the property seller has filled with building with reliable tenants. We remodeled 8 of the units and did partial updates on bathrooms and appliances on the others. - 30-40% of the electrical system (per the seller) - A significant amount of the plumbing throughout the building has been replaced - Rents have been increased significan ... (Read more) Since acquiring the property seller has filled with building with reliable tenants. We remodeled 8 of the units and did partial updates on bathrooms and appliances on the others. - 30-40% of the electrical system (per the seller) - A significant amount of the plumbing throughout the building has been replaced - Rents have been increased significantly with an additional increase to around $16,000 monthly rental income being easily attainable - Seller reports spending six figures on strategic value add building upgrades including: - New exterior paint, exterior deck and railing system, many new windows, the bulk of the building has new front doors, quality resealing of the parking lot (done so that water slopes away from the building), all new exterior electrical, renovated laundry room, storage unit upgrades, Remodeling of 8 units. We did full remodels on most of these. There are few we kept the original cabinets. Cost= Appox $115,000 Exterior Paint. Cost = $30,000 Decking repair and new railings $40,000 All new front windows , some new back windows $40,000 New front doors (not all) $3,000 Paving/Crack sealing/ New lines/ Sloping water away from building. Cost. $14,000 New Exterior electrical. Cost $4500 Painting/Drywall/floor coating for laundry room. Cost $4000 Storage unit repairs Cost $3K Some work is still being completed (for example some of the larger windows needed to be ordered specifically) but all planned work will be completed.