1227 E 11th Ave, Anchorage, AK 99501

Income-Producing 7plex! Quiet, low traffic area of Fairview. Ranch style, private entry units. Many improvements in the area! Price includes credit to go towards roof resurface/replacement. 2015 Boiler, serviced recently. W/D onsite, off-street parking. Fully occupied, and professionally managed. Tenants pay electric. Building shares dumpster with neighbor, low waste bill.All units are 1bed/1bath. Some have had new laminate flooring & paint. Some kitchen & bathroom updates over the years; some units older and in need of repair. Building in general needs TLC, hence the price. Relatively easy to lease, tandem parking spaces in front of the units, paved driveway. Ample off-street parking in that area. Market rents are $1350. Electric is separate. Currently 100% occupied, 1 unit vacating in June. 24 hour notice to show, LA to be present. Exterior photo is from last year, needs some fascia repair and painting; paint pealing. Fred with Sourdough Roofing replaced a significant portion of the roof in 2018-2020. Recent inspection shows roof is nearing end of life per inspection and also needs a slope added to prevent standing water; Alaska Roof Restoration inspected in May '26, and offered a $45K quote for a full silicone restoration. Full replacement bids came in at $65K on average. Seller offering $45K credit at closing. See inspection & Invoice on foundation repair.