3255 Mars Avenue, Palmer, AK 99645 - Matanuska-Susitna Borough

Charming, recently updated triplex on Lazy Mountain with 10% cap rate! Appraised this year at $395,000. A head-to-toe remodel of this older home created these three lovely units, used successfully for both long-term rental and Airbnb. Two large studios and one 1BR, all spacious, comfy, and cute! Very private 2.27 acres, with Lazy Mountain views!. Buyer financing fell through two days before closing - take advantage of this rental income opportunity before someone else does! Live in one and rent the others, live with multi-generations or extended family, and enjoy the views, outdoor access, and rural character of one of the Valley's most desirable areas: Lazy Mountain.

- Brand new septic tank and leachfield 2023!!

- $50,000 in repairs and improvements made in 2023 (septic, driveway, health/safety items, lower unit flooring)!!

- Loft Airbnb income $14,000 in 2022

- Current rents: $1349 lower, $1299 middle, $949 upper

Neighboring 2 acre lot also available, at 3205 N Mars Av.

Come take a look at this amazing opportunity on lovely Lazy Mountain - contact a real estate licensee to set up a showing today! 24 hours notice for tenant-occupied units.

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