35061 Adell Avenue , Sterling, AK 99672(Kenai Peninsula Borough)

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.