42706 Old Sterling hwy - Manufactured Housing/Mobile Housing FOR SALE


Anchor Point, AK 99556
$999,000 USD
360-961-5537
42706 Old Sterling hwy, Anchor Point, AK for Sale
$999,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | Request Cap Rate

42706 Old Sterling hwy
Anchor Point, AK 99556


HIGHLIGHTS

  • High-demand, low-supply market addressing urgent workforce housing needs
  • Dual revenue streams through individual rentals and bulk employer leasing
  • Clear expansion plans including 43-bed bunkhouse and additional facilities
  • Projected positive cash flow by Month 9
  • Stabilized cap rate exceeding 20% by Year 4
  • Scalable infrastructure supporting future growth

OVERVIEW

Solving seasonal workforce housing needs on the Kenai Peninsula. Anchor Bridge Workforce Housing Campus offers a compelling real estate investment opportunity in Anchor Point, Alaska, strategically positioned to serve the Kenai Peninsula's critical seasonal workforce housing shortage. This nearly completed 21,798 square foot multi-family development sits on 9.09 acres along Old Sterling Highway, just 15 miles from Homer. The property features 32 private rooms across duplex-style buildings, purpose-built for seasonal and industrial workers in fishing, construction, oil, gas, and tourism industries. Each unit includes shared kitchen and bathroom facilities with electric, natural gas, internet, and water delivery infrastructure already installed. Key Investment Highlights: - Prime location with excellent visibility and private access - High-demand, low-supply market addressing urgent workforce housing needs - Dual revenue streams through individual rentals and bulk employer leasing - Clear expansion plans including 43-bed bunkhouse and additional facilities - Projected positive cash flow by Month 9 - Stabilized cap rate exceeding 20% by Year 4 - Scalable infrastructure supporting future growth The offering includes approximately $500,000 in remaining completion work, providing buyers with immediate value-add potential. The 2023 construction ensures modern standards and efficiency. This turnkey opportunity addresses a critical market need while offering substantial returns in Alaska's robust seasonal economy. Ideal for investors or operators seeking to capitalize on the Peninsula's growing industrial and tourism sectors through essential workforce housing solutions.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$46 USD /SF

# OF UNITS

36

PRICE/UNIT

$27,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.09 AC

LAND SF

395,960 SF

ZONING

Unzoned

APN/PARCEL ID

171-070-31

ASK ABOUT THIS PROPERTY

Allison TrimbleCoastal RealtyMore Info
360-961-5537

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Allison TrimbleCoastal RealtyMore Info
360-961-5537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.