411/413 Mission Street, Ketchikan, Alaska 99901

$1,300,000
15 Beds
9 Baths
11,465 Sqft
0.09 Acre
Listing ID #22-6892
Michael Elerding
Coastal Keller Williams Realty Alaska Group
Property Description

Prime Downtown Mixed-Use Commercial/Residential Rental Property – Located in the heart of downtown Ketchikan, this property has two well established commercial rentals on the ground floor, 2 office spaces and 9 residential rentals. Residential units consist of 1 X Studio, 3 X 1-BR, 4 X 2-BR, and 1 X 3-BR with seasoned rental income. Commercial rentals are on Mission St and office/retail space is accessible from Dock St.

Seller has completed the following upgrades to the building:
” Fire Sprinkler Main Water line replaced & Heated
” New roof storm water drain system installed 2020
” Power meter room installation  landlord bills electrical to each unit
” Apartment remodel
” Exterior paint
” 413 Mission St remodel

Primary residential heat is from electric and landlord bills electric to tenants. Common area and domestic hot water heated by boiler controlled by owner. Coin operated Washer/Dryers on site available for tenants use.

Landlord has an onsite maintenance super who receives free rent in lieu of wages. Projected gross revenues $181,500+. Pro forma income projections available for interested buyers.

Property Features
Basic Details
22-6892
Multifamily
$1,300,000
1920
US
AK
565 - Ketchikan Gateway Borough - All
Ketchikan
99901
15
9
11,465 Sqft
0.09 Acre
Active
Features
: Baseboard
: Existing Structure
: Wood
: Built-up
: Public
: Public Sewer
: Electric
0
Address Map
411/413
Mission
Street
W132° 21' 16.4''
N55° 20' 30.7''
Additional Information
Michael Elerding
20210512200010283259000000
Coastal Keller Williams Realty Alaska Group
20170606215004044831000000
Houghtaling
Schoenbar
Ketchikan
CC - Central Commercial
2022
$8,007
One side of building on Dock, one on Mission.
17477
430/432 Dock st
$0

Property Search

Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent