Ridgecrest Park Apartments

201 E. Kalli Circle, Wasilla, AK 99654
Status: Available
Year Built: 2002
Price: $2,350,000
Price Per Unit: $58,750
Price Per SF: $66.50
# of Units: 40
# of Buildings: 5
# of Stories: 2
Rentable SF: 35,340
Lot Size: 3.51 Acres
Density: 11.40 Units/Acre

Highlights:

  • 5 Buildings (including office)
  • Wasilla is Located in the Matanuska-Susitna Borough Which has been Listed as One of the 100 Fastest Growing Counties in the U.S
  • The Local Economy is Diverse and Residents are Employed in a Variety of City, Borough, State, Federal, Retail, and Professional Service Positions
  • Excellent AMI Growth Within the Borough, Increasing by Over 17% since 2014
  • The Borough has a Large, Well-Trained Workforce and Employment has Grown an Average of 5.5% Each Year for the Past Decade, with 34% of Residents Commuting to Anchorage for Work

Description:

Ridgecrest Park is a 40-unit affordable housing community located in Wasilla, AK. The property is conveniently located close to area amenities such as shopping and restaurants, with easy access to Anchorage, only 40 miles south of Wasilla.

Ridgecrest Park was built in 2002 and placed in service in 2003 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 45%, 50%, and 60% of Area Median Income (AMI) limits, which are provided by the Alaska Housing Finance Corporation.

Ridgecrest Park offers  one, two, and three bedroom floor plans with large open living and dining spaces, patio/balcony, and washer/dryer hookups. Kitchens come standard with a full appliance package. Community amenities include an on-site leasing office, business center, clubhouse, on-site laundry facilities, fitness center, playground and picnic area, covered parking, and block heaters for winter months.

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