For the best experience of this virtual tour, please install Adobe Flash and refresh this page.
Get Adobe Flash player

3397 Bellwood Street

3397 Bellwood Street, North Pole, AK 99705  |  MLS #131652  | Virtual Tour #1102299

1

1

Great investment opportunity that is priced below July 2011 appraisal of $3.4 million. This 70 unit apartment complex on nearly 6.5 acres has had significant capital upgrades, low vacancy rates, and a consistent cap rate under the current ownership. Capital upgrades include three new Buderus boilers with Tekmar controller (2006), hot water maker (2009), fuel-saving Coal boiler (2009), engineered septic system and leach field (2003), new well system (2005), improved dryer ducting (2007), and exterior paint (2008). Staff includes an on-site manager, one maintenance personnel and a cleaner. All units are nicely maintained and the grounds are in superb condition. On-site maintenance shop makes for quick work of any needed repair. The on-site laundry room is clean and tidy and has 5 coin-operated washers and dryers for tenant needs. Rent roll shows outstanding occupancy rates with minimal, if any, vacancies. Financials and property analysis package available upon request with signed non-disclosure.

  • $2,945,000
  • 20,884 sq. ft.
For more information, contact:
Wesley Madden

Wesley Madden

Madden Real Estate
907-452-3000
2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24


http://video.tourfactory.com/mp4/00/01/10/22/1102299.mp4

Copyright 1996-2016 TourFactory.com