UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,828 sqft
Price per Sqft $228
MLS Listing ID 25-11650
Bedrooms 10
Full Baths 6
Construction Status Existing Structure
Year Built 1984
Lot Size 10,400 Sqft
Acres 0.24
Property Sub-Type Triplex
Source Alaska Multiple Listing Service
Property Description
Turnkey, fully-updated triplex at 7230 Basel St generating $7,750/mo. All three units feature modern interiors (newer flooring, paint, appliances, refreshed kitchens/baths), in-unit laundry, and a new roof (2023). Unit 1 - 3BR/2BA leased unitl Mar 2026 at $2,550/mo.
Unit 2 - 4BR/2BA long-term tenants month-to-month at $2,550/mo.
Unit 3 - 3BR/2BA + oversized 1-car garage, furnished, lease until December 2026 at $2,650/mo (furnishings can convey for seamless mid-term or potential STR).
Owner-occupants can move into one of the units and let the other two units (~$5,200/mo) offset your payment. With an estimated $5,308/mo PITI at 5% down, your personal net out-of-pocket for cost of housing could be ~$100/mo.
Investors could purchase turnkey at $825,000 with estimated $4,566/mo PITI at 20% down. Potential gross income after PITI ~$3,184/mo. That's ~20% pre-expense cash-on-cash Return
Additional highlights: Three large floor plans (one 4BR and two 3BRs), private laundry in every unit, garage for Unit 3, and low near-term capex thanks to 2023 roof and interior upgrades. Strong income from day one with flexibility to adjust strategy at turnover. Please do not disturb occupants. Buyer to verify all information and figures.
Proforma in MLS Docs - Seller is Owner/Agent
Location
State AK
Area 35 - E Tudor Rd - Abbott Rd
Zoning R2M - Multi Family Residential
Direction From Lake Otis go west on E 72nd Ave, turn left on Basel Street.
Interior
Heating Baseboard, Natural Gas
Flooring Luxury Vinyl Plank, Tile, Carpet
Exterior
Parking Features Attached
Garage Spaces 1.0
Garage Description 1.0
Roof Type Shingle
Building
Lot Size Range 0.24
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Abbott Loop
Middle Schools Hanshew
High Schools Service
Others
Tax ID 0141341000001
Acceptable Financing Cash, Conventional, FHA, VA Loan, Assumable
Listing Terms Cash, Conventional, FHA, VA Loan, Assumable
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