12250 Mendenhall Loop Rd Unit & 12260 Mendenhall Loop R, Juneau, AK 99801

A Developers Dream in Auke Bay, right up the hill from Auke Bay Harbor! Two adjacent lots for sale, and the real opportunity is in the potential of what these lots can do. Owner prefers to sell both lots together, or individually with simultaneous closings. Each lot is zoned D-15. Seller believes these lots could be developed into 4 three-plexes or 3 four-plexes or a total of 12 units (all plans must be approved by CBJ Planning Department. ) Additionally, there are two dwellings on the property to be sold "as is", and may not qualify for conventional financing. One dwelling is 1 bed / 1 bath with washer/dryer, sink, electric hot water heater, wood stove, fridge, range and roof is approximately 10 years old. It is currently rented month-to-month at $750 per month. The second dwelling is 3 bedroom, 1 bath and has a washer/dryer, dishwasher, fridge, propane hot water heater, forced air heat (oil). It is currently rented month-to-month at $1500. Both units are rented considerably lower than the market rate. Dwellings have 20 years of rental history. There is additional rental income for storage of equipment. All vehicles, debris and materials will be removed prior to closing. These dwellings are ideal to house employees or crew while building your development!