9000 Stephen Richards Drive

Juneau, AK

Multi-Use for Sale - $3,200,000 - 18,240 Sq. Ft. on 0.94 acres


Agent Info

Angie Nolan
Alaska Unlimited Realty

Property Info

CIMLS#1168433
Location
  9000 Stephen Richards Drive
  Juneau AK 99801
UpdatedNovember 27th, 2024
TypeMulti-Use
Price$3,200,000
Building18,240 Sq. Ft.
Land0.94 acres

Property Description

Introducing an exceptional investment opportunity in Juneau, Alaska—a robust two-story apartment building with a proven track record of stable tenancy and consistent demand.

This impressive two-story apartment complex offers 30 units, including 29 cozy one-bedroom, one-bathroom apartments and a charming efficiency unit. With a generous gross building area of 18,240 square feet, this property is a testament to smart space utilization and comfortable living.

Situated on a spacious 41,075 square feet of leased land, this complex boasts long-term tenants, providing stable income potential for savvy investors.

The building is strategically located, ensuring convenience for all tenants with easy access to local shops, schools, services, and recreational facilities, adding to the already considerable appeal for prospective renters seeking a blend of community and privacy.

With the assurance of long-term tenants, this property presents a reliable income stream and limited vacancy rates, making it a particularly attractive option for investors aiming for a straightforward, lucrative addition to their portfolio.

Each unit in the building reflects a commitment to maximizing tenant satisfaction, characterizing a thoughtful layout and functional living spaces. The building's structure and management have been upheld to ensure that new owners can anticipate minimal upheaval and a seamless transition.


Financials