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    115 E Main Street

    Dillingham, AK 99576
    • $240,000
    • STATUS: Active
    • ON SITE: 125 days
    • MLS #: 20-18162
    UPDATED: 41 min ago
    $240,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $120
      $/SQFT
    Neighborhood:
    Type:
    Commercial

    School Ratings & Info

    Description

    Commercial or Residential Investment rental. This tri-plex property consists of 2 buildings, 2,000 gross living area. The larger of the two buildings is 2-stories with 2 bedroom, 1 bath unit on the first floor and a 1 bedroom, 1 bath unit on the 2nd floor, with exterior stair access. 2nd structure on the property is a small cabin. Gross income is $38,520 Ann.This property could provide an excellent source of rental income in a market that lacks residential housing units. The rents on this property can be as much as $3,200 per month and that is before any improvements are made. The owner pays all utilities approx. $6,500 per year. The 2020 appraisal came in at $240,000. At one time the previous owner of this property used the location for his business. This could be an option as well depending on what best suits your needs. The 4,230 SF irregular shaped site is located within downtown Dillingham, near the center of town, and is considered a good location for a mixed-use / multi-family residential building. The site has adequate on-site parking, with good gravel soils observed on the generally level site. BUILDING ONE: First Floor, 2 bedroom, 1 bath unit which typically rents for $1,400 per month, currently rented Second Floor, 1 bedroom, 1 bath unit, with outside stair access, which typically rents for $1,210 per month, currently vacant BUILDING TWO: Cabin efficiency unit which typically rents for $600 per month, currently rented UTILTIES: Annual utilities are approximately $6,500. year (Water/Wastewater, trash, electric and heating oil downstairs and hot water*) *the blue cabin and upstairs unit pay their own heating oil (the property manager said there are 3 tanks on the property) It has been determined that the highest and best use of this property at this time is a residential rental property with 3 separate units. The land is in a key location on Main street and it could prove to be a strategic location for the right company that would possibly build a larger housing building should the City allow it. Opportunities a plenty.

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    DISCLAIMER: The listing content relating to real estate for sale 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 Keller Williams Realty Alaska Group 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: 2021-04-16T16:39:42.377.

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    115 E Main Street Dillingham, AK 99576

    • Price: $240,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 20-18162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,000
    SQFT
    $120
    $/SQFT
    Neighborhood:
    Dillingham Census Area
    Area:
    Dillingham Census Area
    Property Description
    Commercial or Residential Investment rental. This tri-plex property consists of 2 buildings, 2,000 gross living area. The larger of the two buildings is 2-stories with 2 bedroom, 1 bath unit on the first floor and a 1 bedroom, 1 bath unit on the 2nd floor, with exterior stair access. 2nd structure on the property is a small cabin. Gross income is $38,520 Ann.This property could provide an excellent source of rental income in a market that lacks residential housing units. The rents on this property can be as much as $3,200 per month and that is before any improvements are made. The owner pays all utilities approx. $6,500 per year. The 2020 appraisal came in at $240,000. At one time the previous owner of this property used the location for his business. This could be an option as well depending on what best suits your needs. The 4,230 SF irregular shaped site is located within downtown Dillingham, near the center of town, and is considered a good location for a mixed-use / multi-family residential building. The site has adequate on-site parking, with good gravel soils observed on the generally level site. BUILDING ONE: First Floor, 2 bedroom, 1 bath unit which typically rents for $1,400 per month, currently rented Second Floor, 1 bedroom, 1 bath unit, with outside stair access, which typically rents for $1,210 per month, currently vacant BUILDING TWO: Cabin efficiency unit which typically rents for $600 per month, currently rented UTILTIES: Annual utilities are approximately $6,500. year (Water/Wastewater, trash, electric and heating oil downstairs and hot water*) *the blue cabin and upstairs unit pay their own heating oil (the property manager said there are 3 tanks on the property) It has been determined that the highest and best use of this property at this time is a residential rental property with 3 separate units. The land is in a key location on Main street and it could prove to be a strategic location for the right company that would possibly build a larger housing building should the City allow it. Opportunities a plenty.
    Exterior Features

    Access Type Maintained Construction Type Wood Frame Exterior Finish Wood Foundation Type Unknown - Btv Roof Type Metal

    Interior Features

    Features Commercial On-Site Parking Fuel Type Electric Walls SheetrockWood

    Property Features

    Borough Census Area 4E - Dillingham Census Area Building Status Leased Construction Status Existing Structure Foreclosure Bank Owned No New Finance Terms CashConventional Property Use Mixed Use Region 4 - West & Southwest Alaska Regions - All Zoning Com - Commercial (Unofficial)

    Listing Office Tanner Group Premier Real Estate. Copyright 2021 Alaska Multiple Listing Service, Inc. All rights reserved.
    DISCLAIMER: The listing content relating to real estate for sale 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 Keller Williams Realty Alaska Group 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: 2021-04-16T16:39:42.377.

     
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