Seller represented by:
Butch Currier with Somers Sotheby's International Realty

3397 Bellwood St North Pole, AK 99705
  • For Sale
  • Multi Family · 70 Units

3397 Bellwood St North Pole, AK 99705 Get directions

$3,100,000 $74/Sq. ft.
2 Beds 70 Baths 41,768 Sq. ft. 281,027 Sq. ft. Lot
  • Age 56 Years
  • MLS# 146887
  • Listed 3 Months 5 Days Ago

Overview

70 Unit, 2 bedroom 1 bath, Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity priced below July 2011 appraisal of $3.4 million. 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) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Building to remain on property after connection to North Pole City Water. 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 high occupancy rates with minimal, if any, vacancies. Financials and Analysis package available upon request with signed non-disclosure and proof Financial Eligibility to purchase. Great opportunity for adding additional rental units or storage units on the south side of the parcel.

  • Seller represented by:
  • REALTOR ® Butch Currier with Somers Sotheby's International Realty

Features

Bedrooms

  • Bedrooms: 2

Bathrooms

  • Total Bathrooms: 70
  • Full Bathrooms: 70

Appliances

  • Laundry Facilities: Basement

Interior Features

  • Fire Safety Features: Public

Land Info

  • Lot Size Acres: 6.4515
  • Lot Size Square Feet: 281029

Garage and Parking

  • Garage Description: Attached/HTD
  • Parking Total: 116

Exterior and Lot Features

  • Road Maintenance: Public

School Information

  • Elementary School: Crawford
  • High School: Eielson
  • Middle School: Eielson

Multi-Unit Info

  • Number of Units: 70

Other Property Info

  • Construction: 2x6
  • Foundation: Poured Concrete
  • Annual Tax Amount: 49982.10
  • Source Listing Status: Status: ACTIVE
  • Directions: Richardson Hwy to L on Hope St, take 2nd L to stay on Hope St, L on Old Rich, 2nd R onto Bellwood St, Cross Railroad Tracks, Complex on the Left.
  • Area: SALCHA
  • Source Neighborhood: 2S 3E
  • Subdivision: 2S 3E
  • Zoning: General Use District - 1
  • Source System Name: C2C

Building and Construction

  • Total Square Feet Living: 41768
  • Year Built: 1965
  • Building Exterior Type: T1-11
  • Property Age: 56
  • Structure Type: MULTI-FAMILY
  • House Style: Apartment Style

Utilities

  • Sewer: Private

Nearby Schools

Rating School Grades Distance
NA Anderson Elementary School PK-2 3.6 mi
6 Ben Eielson Jr/Sr High School 7-12 3.8 mi
8 Crawford Elementary School 3-6 4 mi
NA North Pole Christian Private School PK-11 4.1 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 3397 Bellwood St

Property Price

Date Event Price Price / Sq ft Source
2021-07-10 Price Changed $3,100,000 $74 Fairbanks
2021-04-30 Listed $3,250,000 $77 Fairbanks

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.