Multi-Family For Sale
4360 Spenard Road
Anchorage, AK 99517
Sale Overview
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Price:
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$6,740,000 |
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Property Type:
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Multi-Family |
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Property Subtype:
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5+ Units |
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Building Size:
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69,876 SF |
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Year Built:
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1969 |
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Lot Size:
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78,287 SF |
Description
REDEVELOPMENT OPPORTUNITY!! 60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers. This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs. The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.
AKMLS Listing Office
Jack White Real Estate
23-1834
DISCLAIMER: The listing content relating to real estate for sale or lease 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 Northern Edge Realty, Infinity Commercial Real Estate Group and Ravenwood Real Estate 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: 2023-03-28