Price Reduction - Water Views
Address
4360 Spenard Road, Anchorage, AK
Price
$ 5,800,000
Property Attributes
  • MLS#231834
  • TypeMulti-Family
  • BoroughANCHORAGE
  • CityAnchorage
  • Area1A - Anchorage Municipality
  • Neighborhood10 - Spenard
  • Zip99517
  • StyleMulti Family,Apartment Style
  • Price$ 5,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage69876
  • Lot Size1.8 Acres
Data Source:
Alaska MLS (AKMLS)
Property Description

REDEVELOPMENT OPPORTUNITY!!60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers.This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs.The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.

Elementary School Middle School High School
Lake Hood Elementary School Romig Middle School West Anchorage High School
Price History
3/2/2023 Listed $6,740,000
8/11/2023 9% - $6,200,000
3/30/2024 7% - $5,800,000

General Features

Sewer Public Sewer
Heating Baseboard
Possession Negotiable
Roof Rolled/Hot Mop,Shingle
Zoning B3
Construction Materials Stucco,Wood Siding,Frame
Year Built 1969
View City Lights,Lake
Topography Level
Property SubType Multi Family
Waterfront Features No Access,None
Accessibility Handicap Accessible
New Construction No
Property Type Residential Income
Attached Garage No
Garage Y/N No
Status Active
Directions East on Spenard from Minnesota,to your right.
High School West Anchorage
City Anchorage
Buyer Agent Compensation 2.00
View Y/N Yes
Zoning Description General Business
Total Units 102
MLS Area 1A - Anchorage Municipality
Lot Size Square Feet 78408
Waterfront Y/N No
Carport Y/N No
Street Name Spenard
Elementary School Lake Hood
Middle/Junior High School Romig
Property Condition Existing Structure
MLS Area Minor 10 - Spenard
Days on Market 302
Structure Type Multi Family,Apartment Style,Other - See Remarks
Building Area Units Square Feet
Buyer Agent Compensation Type %

Interior Features

Flooring Carpet,Laminate,Vinyl
Heating Y/N Yes
Street Suffix Road
Living Area Units Square Feet

Exterior Features

Parking Features No Carport,No Garage
Water Source Public
Total Parking 109
Lot Size Area 1.8
Foundation Details Unknown-BTV
Number of Buildings 2
Building Area Total 69876
Mobile Home Dimensions Feet
Lot Size Acres 1.8
Road Surface Type Paved
Lot Size Units Acres
Lot Size Source Tax Authority
Road Responsibility Maintained

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 99517

Price
AVG $1.46M
$5.8M
Visits
AVG 189
824
Data Provided by Inside Real Estate®
Year Built
AVG 1971
1969
Walkscore
AVG 40
51
Data Provided by Walkscore® not using MLS data

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