3397 Belwood ST Salcha, AK 99714

70 Unit, 2 bedroom 1 bath, Apartment Complex on nearly 6.5 acres with significant capital upgrades. Vacancy Rates are consistently low with a current waiting list for new tenants. Consistently High Cap Rate under the current Ownership and Management. Great investment opportunity. Capital upgrades include three new Buderus Boilers with Tekmar controller (2006), Hot water maker (2009), Fuel-Saving Coal boiler (2009),Engineered Septic System and leach field (2003), New Well system (2005) with Complex to be connected to North Pole City Water soon, Improved Dryer Ducting (2007), and Exterior Paint (2008), New Class C Septic System recently completed with two leach fields and Water Treatment Facility Building completed (paid for by DOD) with Building to remain on property after connection to North Pole City Water. Staff includes an on-site manager, one maintenance personnel and a cleaner. All units are nicely maintained and the grounds are in superb condition. On-site maintenance shop makes for quick work of any needed repair. The on-site laundry room is clean and tidy and has 5 coin-operated washers and dryers for tenant needs. Rent roll shows outstanding high occupancy rates with minimal, if any, vacancies. Financials and Analysis package available upon request with signed non-disclosure and proof Financial Eligibility to purchase. Great opportunity for adding additional rental units or storage units on the south side of the parcel, Lot 11 Block 2 Frito Sub is to Convey with the Sale.