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17398 W Parks Highway, Houston, Alaska

$399,900
  • $399,900
  • 9
  • 10½
  • 6,120
  • ¾
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Awesome 6-plex with amazing 1620 square foot 3 bedroom, 3 bath home on the Little Susitna River. This is an incredible investment opportunity that doesn't come around often. This one will not last long!Incredible investment opportunity. Seller had a major situation occur that resulted in her not focusing on the property for a couple of years. When she was focusing on the property, she says that the vacancy rate was almost 0. She if now working to get units rented out but currently only has 1 renter. She is going through property and painting, updating, fixing windows, etc. now. The 6-plex used to be a 7-plex but she took 2 units and combined them into 1 larger unit. Unit 1 is an efficiency unit, it has rented for $500 in the past. Unit 2 is a 1 bedroom, 1 bathroom unit that has rented for $650 historically. Unit 3 is a 1 bedroom, 1 bathroom. It has new flooring. It has rented for $750 historically. Unit 4 is a large unit. It has two bathrooms and 2 bedrooms. It has historically rented for $850. Unit 5 is newly remodeled and historically has rented for $850. Unit 6 is a two story unit. It has 2 bedrooms, 2 bathrooms and new floors. The home is 1,620 square feet. There are 3 bedrooms. 2 on the 3rd floor and the master on the 1st floor. There are also 3 bathrooms. All plumbing, heating and hot water new in 2019. This home was a smaller home that was just recently added onto and completely remodeled, updated. The new foundation was also just put in when home was added onto. The property adjoins the Little Susitna River. There is an attached Property Analyzer that has estimated numbers based on the list price and historical expenses and rents. This is not a reflection of the property today, as there is only 1 rented unit currently. Seller is willing to sell for $395,000 if cash or financed. Seller is willing to owner finance for $425,000 with a minimum of $125,000 down payment.

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Essential Information

  • MLS® # 20-3321
  • Price $399,900
  • Bedrooms 9
  • Bathrooms 10.50
  • Square Footage 6,120
  • Acres 0.75
  • Year Built 1977
  • Type Multi-Family
  • Sub-Type 5+ Units, Other - See Remarks
  • Status Active
  • # of Garages 1

Community Information

  • Address 17398 W Parks Highway
  • Area HO - Houston
  • Subdivision Bryant #2 L8
  • City Houston
  • State Alaska
  • Zip Code 99623

Amenities

  • Parking Spaces 10
  • Garages Attached
  • View River
  • Is Waterfront Yes
  • Waterfront River

Interior

  • Heating Radiant, Other-See Remarks

Exterior

  • Exterior Wood
  • Roof Metal
  • Construction Wood Frame
  • Foundation Concrete Block, Unknown-BTV, Pilings

School Information

Additional Information

  • Date Listed March 12th, 2020
  • Days on Market 16
  • Zoning PH - Parks Highway

Listing Details

  • Listing Office: Keller Williams Realty Alaska Group of Wasilla

Financials

  • $/SqFt $65

Neighborhood Information

  • Icon of money $375,000

    Median Price

  • Icon of a grid layout $193

    Median Price/Sqft

  • Icon of a bar graph 99.36%

    Sale/List Ratio

  • Icon of a house 338

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 15/100

    Walk Score®Car-Dependent

  • Icon of a raincloud N/A

    Annual Precipitation

  • Icon of a sun N/A

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon N/A

    Avg. Lows -
    Jan/July

  • Icon of a group of people N/A

    PopulationBased on Nearest ZIP Code

  • Icon of a person N/A

    Median Age

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Listing information last updated on March 28th, 2020 at 4:34pm AKDT.