2535 DILLON AVENUE
Property Description
Investment Opportunity! Conveniently located between Fort Wainwright and Eielson Air Force Base, this unique multi-unit property is approximately 15 minutes from both Fairbanks and North Pole. With multiple living spaces situated together and shared indoor and outdoor amenities, the property offers a variety of possibilities-from long-term rentals or workforce housing to small retreats or a multi-unit short-term rental setup. The main modular building features a spacious 2-bedroom unit with two large bedrooms, a full bathroom, and a generous kitchen and dining area, currently renting for $1,800/month. The other portion of the building provides shared amenities for the additional units, including a kitchen, laundry area, and private bathroom facilities. Dry Cabin #1 is an approximately 280 sq. ft. efficiency-style unit currently renting for $1,000/month, while Dry Cabin #2 offers approximately 300 sq. ft. plus additional loft space and has rented for $1,200/month. Together, the three units offer potential gross rental income of approximately $4,000 per month, or $48,000 annually, based on the stated rents. The property also features a new solar panel system designed to help offset electricity costs and currently carries a significant credit on the GVEA electric account. With its strategic location near two military installations and convenient access to both Fairbanks and North Pole, this versatile property offers an appealing opportunity for an investor looking for multiple income streams from one property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $320,000 |
| No. of Units: | 3 |
| Year Built: | 1985 |
| Lot Size: | 2,160.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $106,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 4 |
ID: 3yd-GFBRAK-161404
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