Description
Prime Downtown Mixed-Use Commercial/Residential Rental Property – Located in the heart of downtown Ketchikan, this property has two well established commercial rentals on the ground floor, 2 office spaces and 9 residential rentals. Residential units consist of 1 X Studio, 3 X 1-BR, 4 X 2-BR, and 1 X 3-BR with seasoned rental income. Commercial rentals are on Mission St and office/retail space is accessible from Dock St. Seller has completed the following upgrades to the building: • Fire Sprinkler Main Water line replaced & Heated • New roof storm water drain system installed 2020 • Power meter room installation – landlord bills electrical to each unit • Apartment remodel • Exterior paint • 413 Mission St remodel Primary residential heat is from electric and landlord bills electric to tenants. Common area and domestic hot water heated by boiler controlled by owner. Coin operated Washer/Dryers on site available for tenants use. Landlord has an onsite maintenance super who receives free rent in lieu of wages. Projected gross revenues $181,500+. Pro forma income projections available for interested buyers.
Location
Courtesy of: Coastal Keller Williams Realty Alaska Group Listing information provided courtesy of the Southeast Alaska MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th July, 2022 9:52 AM (UTC)
