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U-Med District Townhouse

$85,000
4012 Reka Dr #G-2
Sold/closed February 2008

Map available

Download Center Information Package (20 Pages,  400 Kb)

Quick Summary MLS Listing Page

This townhome is close to all the employment centers of the University of Alaska, Alaska Pacific University, Providence Alaska Medical Center, Alaska Native Medical Center, and Alaska Regional Hospital. It might also prove a good investment for a student or an investor/family member who could house that student and enjoy the benefits of ownership too.

The home was leaking water from a hot water pipe in the ceiling of the living room when the lender foreclosed. That leak has been repaired, but the carpets had to be removed. There's a fair measure of other deferred maintenance.

This is an acquired asset of a lending institution. The property is being marketed in its "as-is" condition. There is no property disclosure form being provided. Please call Niel Thomas concerning their policies and practices, including special forms and procedures to follow. The seller's standard forms are available for review in the information package. The bids in the package are for a complete interior repaint, replacing all floor coverings and various repairs, for a total of about $11,000. Units in good condition in this project are priced in the $125,000 range.

It is probable that in its present condition most forms of traditional residential real estate financing would be unavailable. The price reflects these realities and also represents a potentially profitable investment opportunity.

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Directions: East on Reka from Bragaw, between Northern Lights and DeBarr. First right into the driveway for the project. Use guest parking or find stall #G-2.