3397 Bellwood St., North Pole, AK 99705

  • $2,940,000
  • 214 Days on site
  • Beds: n/a
  • Baths: n/a
  • Commercial Building


Great investment opportunity that is priced below July 2011 appraisal of $3. 4 million. This 70 unit apartment complex on nearly 6. 5 acres has had significant capital upgrades, low vacancy rates, and a consistent cap rate under the current ownership. 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), improved dryer ducting (2007), and exterior paint (2008). 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 occupancy rates with minimal, if any, vacancies. Financials and property analysis package available upon request with signed non-disclosure. Click here to learn more about this listing.

  • MLS ID# 131652
  • Year Built: 1965
  • 214 Days on site
  • Virtual Tour
  • Commercial Building
  • Beds: n/a
  • Baths: n/a

Listing Details

Parking Space (116)

Local Info

Median Household Income
Median Years In Residence
Median Homeowner Age
Households with Children
Percent of Homes Rented

Nearby Elementary Schools

768 Kodiak St
692 Ravens Way
250 Snowman Ln

Nearby Middle Schools

675 Ravens Way
300 E 8th Ave
2945 Monk Ct

Nearby High Schools

675 Ravens Way
601 Nphs Blvd
2945 Monk Ct

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

(907) 452-3000
Listing Agent: Wesley Madden

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