All Forum Posts by: Eric Baeza
Eric Baeza has started 1 posts and replied 2 times.
Post: Looking to purchase 4 plex in anchorage
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Originally posted by @Kaiden Foster:
@Eric Baeza I'm also looking at 4-plex properties in Anchorage and can share a bit about my experience. Few questions:
Are you local to Anchorage and familiar with the area?
Do you plan to owner occupy or this purely an investment property?
Regarding rent, depending on the area of town and how nice the property is, you can get a bit more than $1100 for a 2-bed/1-bath but I think chances are lower in Mtn View. Take a look at the screenshot below for rents in Mtn View area:
Regarding utilities, this is what was provided by the seller of a 9-bed property that I made an offer on:
Gas- $415 avg
Electric (2 meters home and well) - $250 home $60 well
Refuse- $130
Sewer- $155
You will also find that many of the multi-family properties in Anchorage are separately metered for electric which can be covered by the tenant.
I have some family that lives in anchorage and have been there to visit. This will be solely an investment property as I live out of state. The only thing that I’m on the fence about is the utilities for natural gas and other utilities that are included.
Post: Looking to purchase 4 plex in anchorage
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Hello fellow investors. I been looking at buying posibly 2- 4 plex units in the anchorage area. Im looking into the Mt. View area. I read that its not the best, but seems to have the most rental units. My questions are, what are your utility bills roughly on your 4 plex units in this area? Is 1100 the going rate for a 2 bed unit?