Ok, at first glance, it's $6 million for 20 apartments; but lets look behind that figure.

The 'Building', not just apartments, was fully renovated. That could mean a lot of things. When was the building constructed? If it's old enough, it would need earthquake retrofitting. What about asbestos? Same thing. How big is the building? Is it ONLY holding 20 apartments, or does it have ground floor offices, other offices, rental space, storage? Was it fitted with new high-efficiency windows? Doors? Major insulation upgrades? ADA upgrades? Were any of the support columns/beams having to be replaced/upgraded? What about heating systems? New boilers needed? Was the parking lot included? If so, you have to add in new landscaping requirements, drainage, etc.

It appears the idea is to run it for at least 16 years, so it looks like the building was renovated with that in mind. The price would reflect that. Analysis please?

And this looks a far better deal for Anchorage than the Taj Mahawker II!