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USAAKJuneau9000 Stephen Richards Memorial Dr
9000 Stephen Richards Memorial Dr, Home with 0 bedrooms, 0 bathrooms and null parking in Juneau AK | Image 1
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$3,200,000

9000 Stephen Richards Memorial Dr, Juneau, AK

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 18240 sqft
Garage No
Taxes 
Days Active 0
Lot Size 
Approx. Age 1984
Avg. Price Per Sqft $175
MLS® Number 25643

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Introducing a prime investment opportunity in Juneau, Alaska—this well-established two-story apartment building offers 30 units, including 28 one-bedroom, one-bathroom apartments, a one-bedroom apartment with a spacious loft, and a charming efficiency unit. With a total building area of 18, 240 square feet, the property demonstrates efficient space utilization and comfortable living. The complex sits on 41, 075 square feet +/- of leased land, benefiting from long-term tenants and stable income potential. Strategically located, the building offers convenient access to local shops, schools, services, and recreational facilities, making it an appealing choice for renters who seek both community and privacy. With a history of minimal vacancy rates and dependable tenants, this property represents a reliable and consistent income stream for investors. The units feature thoughtful layouts and functional spaces, contributing to high tenant satisfaction. The building's structure and management are well-maintained, ensuring a smooth transition for new owners. Additionally, the land lease, which began March 21, 1985, is valid until May 31, 2032, with the option to extend the lease for up to 50 more years in ten 5-year increments. This is a solid, straightforward investment with exceptional potential for growth and long-term stability.Show Description
MLS® Number25643
Laundry LevelLocation: Room, Coin Operated
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1984
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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