Anchorage rent to own home - a multi family property (24 beds, 12 baths)

Outstanding income property with open sizeable 2 beds Close to all of the spots tenants desire; chic restaurants, bars & iconic green sace within easy walking distance. This 12 plex stands tall above the rest producing strong cash flow w room to increase future rents. Seller has done heavy refreshes on 8 of 12 units.Have your clients marvel at the curb appeal from the new paint job!Since acquiring the property seller has filled with building with reliable tenants. We remodeled 8 of the units and did partial updates on bathrooms and appliances on the others. - 30-40% of the electrical system (per the seller) - A significant amount of the plumbing throughout the building has been replaced - Rents have been increased significantly with an additional increase to around $16, 000 monthly rental income being easily attainable - Seller reports spending six figures on strategic value add building upgrades including: - New exterior paint, exterior deck and railing system, many new windows, the bulk of the building has new front doors, quality resealing of the parking lot (done so that water slopes away from the building), all new exterior electrical, renovated laundry room, storage uni...

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t upgrades, Remodeling of 8 units. We did full remodels on most of these. There are few we kept the original cabinets. Cost= Appox $115, 000 Exterior Paint. Cost = $30, 000 Decking repair and new railings $40, 000 All new front windows , some new back windows $40, 000 New front doors (not all) $3, 000 Paving/Crack sealing/ New lines/ Sloping water away from building. Cost. $14, 000 New Exterior electrical. Cost $4500 Painting/Drywall/floor coating for laundry room. Cost $4000 Storage unit repairs Cost $3K Some work is still being completed (for example some of the larger windows needed to be ordered specifically) but all planned work will be completed.This rent to own home is a multi family property located in Anchorage. It offers 0.31 acres in size, 24 beds and 12 baths. Review its detailed information and determine if this Anchorage rent to own has the qualities you are looking for.  

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Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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