9000 Stephen Richards Memorial Drive, Juneau, AK 99801 (MLS # 25643)
Twitter
Facebook
Email
|
Introducing a prime investment opportunity in Juneau, Alaska"”this well-established two-story apartment building offers 30 units, including 28 one-bedroom, one-bathroom apartments, a one-bedroom apartment with a spacious loft, and a charming efficiency unit. With a total building area of 18,240 square feet, the property demonstrates efficient space utilization and comfortable living. The complex sits on 41,075 square feet +/- of leased land, benefiting from long-term tenants and stable income potential. Strategically located, the building offers convenient access to local shops, schools, services, and recreational facilities, making it an appealing choice for renters who seek both community and privacy. With a history of minimal vacancy rates and dependable tenants, this property represents a reliable and consistent income stream for investors. The units feature thoughtful layouts and functional spaces, contributing to high tenant satisfaction. The building's structure and management are well-maintained, ensuring a smooth transition for new owners. Additionally, the land lease, which began March 21, 1985, is valid until May 31, 2032, with the option to extend the lease for up to 50 more years in ten 5-year increments. This is a solid, straightforward investment with exceptional potential for growth and long-term stability.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/3/2025 |
|---|---|---|---|
| TRACT | Not on List see Remarks | YEAR BUILT | 1984 |
| COMMUNITY | MENDENHAL VL | COUNTY | Juneau City And Borough |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Glacier Valley |
|---|---|
| Jr. High School | Thunder Mountain |
| High School | Juneau-Open Enrollment |
| ADDITIONAL DETAILS | |
| AREA | MENDENHAL VL |
|---|---|
| LOT | 0.937 acre(s) |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| SUBDIVISION | Not on List see Remarks |
| WATER | Public |
| ZONING | D15-Multifamily |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Steve
Schick to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Angie Nolan, Alaska Unlimited Realty
Disclaimer: All information deemed reliable but not guaranteed. Dimensions are approximate. All properties are subject to prior sale, change or withdrawal. Listings
displayed are the property of members of the Southeast Alaska Multiple Listing Service (SEAMLS) and are provided here for consumer’s
personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. All data should be
independently verified.
This IDX solution is (c) Diverse Solutions 2025.