1. Alaska
  2. Sterling
  3. 35061 Adell Avenue
$475,000

35061 Adell Avenue, Sterling, AK 99672

  • 6 beds |
  • 3 baths |
  • 2,910 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1996
  • Property Lot Size Icon1acre lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $163/sqft
  • Property List Date Icon Listed 7 days ago

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.

Listing Status:
Active
Listing Office:
Century 21 Realty Solutions Freedom Branch : 907-262-1770
MLS ID:
25-5935
  • Heating: Natural Gas

This listing courtesy of Century 21 Realty Solutions Freedom Branch

Location

Schools Nearby

S

Sterling Elementary School

35096 Sterling Hwy, Sterling, AK, 99672

Grades PK-6

0.46 miles away

S

Skyview Middle School

46188 Sterling Hwy, Soldotna, AK, 99669

Grades 7-8

11.51 miles away

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Soldotna High School

425 W Marydale Ave, Soldotna, AK, 99669

Grades 9-12

10.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.