35061 Adell AVE Active Save Request In-Person Tour Request Virtual Tour
Sterling,AK 99672
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $159
MLS Listing ID 25-5935
Bedrooms 6
Full Baths 2
Three Quarter Bath 1
Year Built 1996
Lot Size 1.220 Acres
Property Description
With several rentable structures already in place, plus the property being already set up for future expansion, this unique, income-generating property presents a rare opportunity for investors.
The main residence is a spacious 3-bedroom home featuring 1 ¾ bath, an office, a dedicated craft area, and an oversized laundry/pantry room with a projected monthly income around $2,200. Separate from the main home is a fully detached 3-bedroom, 1-bath house that is currently leased at $1,600 per month, providing consistent and reliable income from day one.
For the commercial tenant, the expansive 32' x 40' heated shop offers extra potential value. Outfitted with in-floor heat, an overhead heater, a woodstove, and plumbing for a future bathroom, this versatile space includes separate areas for woodworking and auto repair. It also features a 12' x 12' manual shop door, a 220v welder outlet, a built-in workbench with a miter saw, and a 9,000-pound automotive lift.
This property also includes a gravel pad that's currently ready for future expansion. With natural gas, electric, septic, and well already installed, it's ideal for a new rental unit or RV hookup. As-is, it could bring in extra income per month from RV tenants, or substantially more if developed into an additional dwelling.
Also located on the property is a hobby shed, fully powered and heated with natural gas. Its compact layout includes a loft with pull-down stairs and could be used as a studio, workspace, or storage unit.
If you are looking to expand your real estate portfolio this multi-use rental property might just be what you have been looking for!
See the attachment for more property details.
Location
State AK
Area 340 - Sterling
Zoning UNZ - Not Zoned
Exterior
Parking Features Heated,Detached
Garage Spaces 4.0
Garage Description 4.0
Building
Foundation Pilings,Slab
Sewer Septic Tank
New Construction No
Schools
Elementary Schools Sterling
Middle Schools Skyview
High Schools Soldotna
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional