Welcome to an exceptional investment opportunity in the heart of North Pole, Alaska, where the potential for solid returns meets the unique charm of the region. This 5-plex property boasts an ideal location, with Eielson Air Force Base just 10 minutes away and Fort Wainwright also within a convenient 10-minute drive. Unit Configuration: Four one-bedroom apartments with one-car garages and one bathroom each. One spacious upstairs apartment featuring one bedroom, an office, 1.5 bathrooms, a dining room, a living room, and a wine refrigerator. Garage Space for Dry Storage Rental: The property offers a fantastic opportunity for additional income through an 8-car garage, providing dry storage rental during the winter months. This feature caters to the needs of residents seeking secure storage solutions for their vehicles or belongings during the harsh Alaskan winters. Proximity to Military Bases: With Eielson AFB and Fort Wainwright just a short 10-minute drive away, the property is strategically located to attract military personnel and their families. This proximity increases the demand for rental units, enhancing the property's potential for consistent occupancy. Unique Upstairs Apartment: The one-bedroom upstairs apartment with an office space, dining room, and living room offers a luxurious and desirable living arrangement. The inclusion of a wine refrigerator adds a touch of sophistication and convenience, making this apartment stand out in the market. Historical High Occupancy Rate: A notable feature of this investment is its track record of never staying vacant. The consistently high occupancy rate is a testament to the property's appeal, location, and management. Local Amenities and Attractions: North Pole, AK, is known for its picturesque landscapes and festive atmosphere. The property's proximity to the charming town center, local amenities, and attractions makes it an attractive option for residents. Potential for Appreciation: Given the strategic location and demand from military personnel, there is the potential for property value appreciation over time, making this investment not only lucrative in terms of rental income but also as a long-term asset. This 5-plex property in North Pole, AK, presents a rare opportunity to invest in a thriving rental market with a strong demand for housing. Whether you're a seasoned investor or looking to enter the real estate market, this property's features and location make it an attractive and reliable investment option. Don't miss out on the chance to be part of the flourishing North Pole community with this lucrative real estate opportunity.
Multi-familyProperty Type
2010Year Built
1.25 acresLot Size
$122Price/Sq.Ft.
8 garage spacesParking
Listed by Ivy Nicholson• CYCLIC PROPERTIES REAL ESTATE