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700 H Street

Anchorage, AK 99501
  • $1,455,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 22-12564
UPDATED: 42 min ago
$1,455,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,217
    SQFT
  • $177
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1963

School Ratings & Info

Description

Fully leased Boarding House in Downtown Anchorage. Triple net lease with an annual net income of $116,400.Property is being sold at as-is, any additional upgrades or repairs requested by a buyer will be added to the purchase price. All Buyer must sign an NDA to receive a copy of the Triple Net Lease, Release of Tenant identity and identity of Buyer in preceding PSA, Release of the existing"Right of First Refusal" excerpt from preceding PSA, Arrangement of Building Inspection for Due Diligence, Release of Sellers bank records proving income stream , and proof of NNN prepaid rent held in escrow for benefit of Landlord and Tenant (no other financials will be provided) 45 day "Right of First Refusal" required to be served on existing PSA. (Seller believes that meeting Offer Price with result in a sale, to encourage offers, seller is only asking for $1,000 earnest money. Once Seller and Buyer execute PSA, no futher alteration in: Price, Terms, Dates, or any aspect of the PSA shall be entertained, unless an additional 45 day "Right of First Refusal" is served. The "As-Is" nature of this Offer for Sale means that the Seller shall do not improvements, and no additional work. And, that Offer Price shall not be reduced based on Building defects. A Capital Improvement Escrow may be added to the Purchase Price up to appraised value. No information available on how the current tenant is using the building for occupancy. When Broken Prop was in operation, the usage was 22 sleeping rooms with an occupancy up to 88 people.

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Alaska MLS logo DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than RMG Real Estate Network | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing information was last updated on: 2022-10-03T12:40:50.947.

www.alaskahomesearch.com/homes/132855747
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700 H Street Anchorage, AK 99501

  • Price: $1,455,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 42 min ago
  • MLS #: 22-12564
0
Beds
0
Baths
0
½ Baths
0.16
Acres
8,217
SQFT
$177
$/SQFT
1963
Built
Neighborhood:
Downtown Anchorage
Area:
Downtown Anchorage
Property Description
Fully leased Boarding House in Downtown Anchorage. Triple net lease with an annual net income of $116,400.Property is being sold at as-is, any additional upgrades or repairs requested by a buyer will be added to the purchase price. All Buyer must sign an NDA to receive a copy of the Triple Net Lease, Release of Tenant identity and identity of Buyer in preceding PSA, Release of the existing"Right of First Refusal" excerpt from preceding PSA, Arrangement of Building Inspection for Due Diligence, Release of Sellers bank records proving income stream , and proof of NNN prepaid rent held in escrow for benefit of Landlord and Tenant (no other financials will be provided) 45 day "Right of First Refusal" required to be served on existing PSA. (Seller believes that meeting Offer Price with result in a sale, to encourage offers, seller is only asking for $1,000 earnest money. Once Seller and Buyer execute PSA, no futher alteration in: Price, Terms, Dates, or any aspect of the PSA shall be entertained, unless an additional 45 day "Right of First Refusal" is served. The "As-Is" nature of this Offer for Sale means that the Seller shall do not improvements, and no additional work. And, that Offer Price shall not be reduced based on Building defects. A Capital Improvement Escrow may be added to the Purchase Price up to appraised value. No information available on how the current tenant is using the building for occupancy. When Broken Prop was in operation, the usage was 22 sleeping rooms with an occupancy up to 88 people.
Exterior Features

Access Type Dedicated RoadMaintainedPaved Exterior Finish Masonry Foundation Type Unknown - Btv Roof Type Unknown - Btv View Type City LightsMountains

Interior Features

Features Commercial Restroom(S)-Private Flooring Type Unknown - Btv Fuel Type Natural Gas Heat Type Baseboard Primary Space Hospitality Walls Unknown - Btv

Property Features

Borough Census Area 1A - Anchorage Municipality Building Status Leased Building Type Class C Construction Status Existing Structure EMMinimum Deposit 1000.00 Foreclosure Bank Owned No New Finance Terms CashConventional Percent Space Leased 100.00 Property Use Single Use Region 1 - Southcentral Alaska Region Sewer Type Public Sewer Tax Year 2022 Taxes 22831.67 Total Assessed Value 1355800.00 Water Type Public Zoning B2b - Central Business Intermediate

Alaska MLS logo Listing Office Re/Max Dynamic Properties: (907) 865-4700. Copyright 2022 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than RMG Real Estate Network | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing information was last updated on: 2022-10-03T12:40:50.947.

 
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RMG Real Estate Network | Keller Williams Realty Alaska Group
1900 W Benson Blvd Ste 101
Anchorage AK, 99517