Eagle River, AK 99577,17123 Coronado RD
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Eagle River, AK 99577,17123 Coronado RD
Eagle River, AK 99577,17123 Coronado RD
Eagle River, AK 99577,17123 Coronado RD
Eagle River, AK 99577,17123 Coronado RD

$750,000

Est. payment /mo

$750,000

Est.Price: ?

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17123 Coronado RD Eagle River, AK 99577

12 Beds

8 Baths

5,280 SqFt

SOLD DATE : 05/10/2024

Key Details

Sold Price $750,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 5,280 sqft

Price per Sqft $142

MLS Listing ID 24-2150

Sold Date 05/10/24

Bedrooms 12

Full Baths 8

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1984

Lot Size 6,524 Sqft

Acres 0.15

Property Description

Introducing an unparalleled investment opportunity: a rare 4-plex situated in the heart of Eagle River, a location marked by its scarcity of multi-family units and historically low vacancy factor. This property not only stands out for its rarity but also offers a compelling value proposition for investors keen on tapping into a high-demand area.

With an average rental rate of $1,690 per un it. Each unit, featuring three bedrooms and 2 baths and an exclusive washer and dryer in each unit, ensuring high tenant satisfaction and retention.

This 4-plex is not just a real estate asset; it represents a scarce investment in a prime location with a strong income stream, low vacancy risk, and high tenant appeal. It's an exceptional addition to any investment portfolio, offering a solid blend of income stability and growth potential in Eagle River's thriving rental market.

Capitalize on this unique opportunity to invest in a property that promises both immediate returns and long-term value appreciation.

Location

State AK

Area 90 - Eagle River

Zoning CE-RO Residential Office

Direction Head north on Old Glenn Highway. Take a left onto Coronado Road. 4plex is located on the left.

Interior

Heating Baseboard

Exterior

View Mountains

Roof Type Shingle

Building

Lot Size Range 0.15

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Eagle River

Middle Schools Gruening

High Schools Eagle River

Others

Tax ID 0501235900001

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Alaska MLS
Listed by Cornerstone Realty
Bought with Real Broker Alaska

Jesse Tanner

+1(907) 232-8607

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