1105 S Nordic Drive, Petersburg, AK 99833 (MLS# 24-1337)

1105 S Nordic Drive, Petersburg, AK 99833

$595,000
Property Type: Multi-Family Bedrooms: 30 Baths: 40 Square Footage: 10,269 Lot Size (sq. ft.): 18,901 Status: Closed
Current Price: $595,000 Last Modified: 1/16/2025

Overview

Description

Fantastic opportunity to own one of the few multi-family investment properties in Petersburg. The rental market is tight here so ample opportunity to increase NOI. 23 efficiency units, two 1 bedroom units, one 3 bedroom unit, and one 5 bedroom unit with several units remodeled/updated. Located only 1 mile from downtown. Great views of the mountains and Narrows from several units.

Listing Details MLS# 24-1337

Contract Info

Price-List
595000
Date-Listing
2024-02-12
Foreclosure/Bank Own
No

Sold Info

Date-Pending
2024-09-08
Date-Closing
2025-01-15

Location Tax and Legal

Area
567 - Mitkof Island & Vicinity
Street #
1105
Directional
S
Street Name
Nordic
Arterial
Drive
Closest USPS Town
Petersburg
State
AK
Zip Code
99833

Property Info

Realtor.com Type
Multi-Family
Construction Status
Existing Structure
Beds
30
Bathrooms Three Quarter
5
Bathrooms Full
35
Bathrooms Total
40
Bldgs-Ttl #
Yes
Year Built
1966
Year Remodeled
1993
Year Updated
2007
SF-Res
10269
Number of Units
27
SF-Lot
18901
Acres
0.43
Prkg Spcs
20
Lot Area Source
Survey
Zoning
COM - Commercial (Unofficial)
Bathrooms Half
0
Garage Spaces
0
Carport Spaces
0

Directions and Remarks

Directions
from downtown travel 1 mile, located on the left side, next to Napa, across from the State of Alaska ferry terminal.

Building Info

Units- # of Effcncy
23
Units-# of 1 BR
2
Units-# of 3 BR
Yes
Units- # of 4+ BR
Yes

More Information

Mortgage Info

EM Minimum Deposit
5000

Location, Tax and Legal

Region
2 - Southeast Alaska Region
Borough/Census Area
2G - Wrangell-Petersburg Census Area
Grid # (Muni Anch)
N/A
Tax Map #-Mat-Su
N/A
Legal
Skylark Addn L3 B222 Plat 81-9
Taxes (Estimated)
4892
Tax Year
2024
School-Elementary
Rae C Stedman
School-Middle
Mitkof
School-High
Petersburg
Assessed Value
451300

Multi-Family Type

Multi Family
Yes
Other - See Remarks
Yes

Exterior Finish

Wood
Yes

Heating

Baseboard
Yes
Electric
Yes

Topography

Level
Yes

Roof Type

Asphalt
Yes
Metal
Yes

Construction Type

Wood Frame - 2x4
Yes

Foundation Type

Poured Concrete
Yes

View Type

Mountains
Yes
Ocean
Yes
Partial
Yes

Wtrfrnt-Access Near

None
Yes

Garage Type

None
Yes

Wtrfrnt-Frontage

None
Yes

Carport Type

None
Yes

Flooring

Carpet
Yes
Laminate
Yes
Linoleum
Yes
Luxury Vinyl
Yes

Sewer-Type

Public Sewer
Yes

Water Source

Public
Yes

Access Type

Paved
Yes
Maintained
Yes

Features-MultiFamily

DSL-Cable Available
Yes
In City Limits
Yes
Smoke Detector(s)
Yes

Docs Avl for Review

Appraisal
Yes

Income & Expenses

Exp-Insurance/Yr Avg
4000
Exp-Tax & Ins/Yr
4892
Income-Net Operating
76121
Income-Rent Mo Total
9900

Property Features

Multi-Family Type: Multi Family; Other - See Remarks Exterior Finish: Wood Roof Type: Asphalt; Metal Foundation Type: Poured Concrete Construction Type: Wood Frame - 2x4 Garage Type: None Carport Type: None Heating: Baseboard; Electric Sewer-Type: Public Sewer Water Source: Public Access Type: Paved; Maintained View Type: Mountains; Ocean; Partial Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: DSL-Cable Available; In City Limits; Smoke Detector(s) Flooring: Carpet; Laminate; Linoleum; Luxury Vinyl Docs Avl for Review: Appraisal
IDX
Listing Office: Petersburg Properties, LLC
Last Updated: January - 16 - 2025
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS 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. Site contains live data.

(907) 759-7433