Investment Opportunity: Cash Flowing 12-Plex in Anchorage
Are you looking for a profitable real estate investment opportunity in Anchorage, Alaska? Look no further than this cash flowing 12-plex located at 1507 W 45th Ave, Anchorage, AK 99503. With a listing price of $1,300,000, this property boasts a great location, covered parking, and rental income that exceeds the 1% rule.
One of the most attractive features of this property is its location. Situated in a mostly single-family neighborhood, this 12-plex is conveniently located near the airport, midtown, and downtown. Tenants will appreciate the easy access to all of Anchorage's amenities and attractions.
In addition to its location, this property also offers covered parking, which is a highly sought-after amenity in Anchorage's cold and snowy winters. This added feature will help attract and retain tenants, which is key to generating a steady stream of rental income.
Speaking of rental income, this property's numbers are impressive. With a listing price of $1,300,000 and a gross rental income of $132,200 per year, this property exceeds the 1% rule, which is a commonly used metric in real estate investing. The 1% rule states that a property's monthly rental income should be equal to or greater than 1% of the purchase price. In this case, the monthly rental income is $11,016, which is 1.01% of the purchase price.
Finally, it's worth noting that this property sits high on a hill, which gives it an added sense of security and privacy. This is an important factor for both tenants and investors.
In summary, this cash flowing 12-plex in Anchorage offers a great investment opportunity for those looking to enter the real estate market. Its location, covered parking, and rental income that exceeds the 1% rule make it an attractive prospect for investors looking to generate passive income. Don't miss out on this opportunity to own a profitable piece of Anchorage real estate.
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