11542 Borealis ST Active Save Request In-Person Tour Request Virtual Tour
Eagle River,AK 99577
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $221
MLS Listing ID 24-14123
Bedrooms 5
Full Baths 2
Year Built 1960
Lot Size 8,230 Sqft
Property Description
Ranch style duplex located 2 minutes to downtown Eagle River and has no HOA and is ready for new owners!
This duplex is perfect for owner occupying or strictly as investment. The tenants love the private oasis so close to town. Fully fenced, landscaped front yard has a stunning greenhouse, 2 storage sheds, fire pit for those perfect summer nights, and a picnic table to share. The concrete Patio is beautifully stamped and adds an elegant touch to the community space.
The owners unit (larger unit) was remodeled with new flooring, interior paint, lighting, and appliances. This unit has a spacious living space with a cozy wood burning stove, and large windows that overlook the front yard. Access to the unit can be from the front or around the back. Most prefer the back as it creates a more private entrance.
The second unit is a touch smaller than the owners unit. The unit has been remodeled overtime including flooring, and appliances. Beautiful hickory cabinets with a tall pantry cabinet were added not just for style, but functionality. The tenant will love the additional storage!
Overtime, the duplex has been remodeled and updated to keep up with the times; to include but not limited to:
EPDM Roof installed 2020.
Community elements for the tenants to enjoy: Fire pit, green house, picnic table.
The shared laundry room which has fresh paint, flooring, and washer/dryer (1yo).
Unit A: interior paint, cabinetry + countertops, flooring, appliances, and lighting.
Unit B: interior paint, cabinetry + countertops, flooring, appliances, and lighting.
Operational Details:
Tenants are responsible for electric (metered separately), lawn care, and snow removal.
Owner pays for heat and water.
Unit A has a lease until September 30, 2025, $1,450.00.
Unit B is currently unoccupied so you have the ability to owner occupy or potentially rent upwards of $2000.00 (per recently closed comparisons). Unit B had been rented for $1,850.00.
Please do not disturb tenants; Unit A to be accessed upon executed contract.
Location
State AK
Area 90 - Eagle River
Zoning CE-R-2D Two Family
Interior
Heating Natural Gas,Wood Stove
Flooring Linoleum,Carpet
Exterior
Garage None
Roof Type Rubber
Building
Lot Description Level,Sloping
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Eagle River
Middle Schools Gruening
High Schools Chugiak
Others
Acceptable Financing AHFC,Cash,FHA,Conventional
Listing Terms AHFC,Cash,FHA,Conventional