35061 Adell AVE, Sterling, AK 99672
35061 Adell AVE, Sterling, AK 99672
35061 Adell AVE, Sterling, AK 99672
35061 Adell AVE, Sterling, AK 99672
35061 Adell AVE, Sterling, AK 99672
35061 Adell AVE, Sterling, AK 99672
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$ 475,000
Est. payment | /mo

6 Beds

3 Baths

2,910 SqFt


Save
$ 475,000
Est. payment | /mo
Save

6 Beds

3 Baths

2,910 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,910 sqft

Price per Sqft $163

MLS Listing ID 26-2413

Bedrooms 6

Full Baths 2

Three Quarter Bath 1

Construction Status Existing Structure

Year Built 1996

Lot Size 1.220 Acres

Acres 1.0

Source Alaska Multiple Listing Service

Property Description

With multiple rentable structures already in place and the property prepared for future expansion, this unique income-producing property presents an investment opportunity. The main residence is a spacious 3-bedroom home featuring 1¾ baths, an office, a dedicated craft area, and an oversized laundry/pantry room, with projected rental income of approximately $2,000 per month. In addition, fully detached 3-bedroom, 1-bath home is currently rented at $1,600 per month.

For a commercial tenant, the 32' x 40' heated shop adds income potential. Equipped with in-floor heat, an overhead heater, a wood stove, and plumbing for a future bathroom, this versatile space includes designated areas for both woodworking and auto repair. Additional features include 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. Estimated rental income is approximately $1,500 per month.

This property also includes a gravel pad that is ready for future expansion. With natural gas, electricity, and a well already installed, it is ideal for a new rental unit or trailer space. As it sits, the pad could potentially generate approximately $500 per month in additional income from space rental, with even greater potential if developed into an additional dwelling.

Also located on the property is a fully powered hobby shed heated with natural gas. Its compact layout includes a loft with convenient pull-down stairs.

If you are looking to expand your real estate portfolio, this versatile multi-use investment property may be what you have been searching for. See the attachment for additional property details.

Location

State AK

Area 340 - Sterling

Zoning UNZ - Not Zoned

Direction From the Sterling Highway, turn onto Scout Lake Loop Rd, drive about a half mile to Adell Ave and turn right. The property is on the left.

Interior

Heating Natural Gas, Wood

Exterior

Parking Features Heated, Detached

Garage Spaces 4.0

Garage Description 4.0

Building

Foundation Pilings, Slab

Lot Size Range 1.0

Sewer Septic Tank

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Sterling

Middle Schools Skyview

High Schools Soldotna

Others

Tax ID 06357029

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Alaska MLS
Listed by Century 21 Realty Solutions Freedom Branch

NEARBY SCHOOLS & PROPERTIES

James Cash

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(907) 360-7448

james@herorealtygroup.com

4300 B Street, Suite # 203, Anchorage, AK,, 99503

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35061 Adell AVE