3255 Mars Avenue, Palmer, AK 99645 (MLS# 23-1965)
$375,000
Palmer, AK 99645
MLS# 23-1965
3 beds | 3 baths | 2527 sqft
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Property Description
Charming, recently updated 3-unit building on Lazy Mountain with 10% cap rate! 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! Low expenses. Income, investment, or live in one and rent the rest!
Details
Maps
Documents
Contract Info
Price-List: 375000
Date-Listing: 2023-03-03
Status: Active
Commission Type: %
Commission to SO: 3
Foreclosure/Bank Own: No
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Area: PA - Palmer
Street #: 3255
Street Name: Mars
Arterial: Avenue
Closest USPS Town: Palmer
State: AK
Zip Code: 99645
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: PA06
Taxes (Estimated): 1300
Tax Year: 2022
Assessed Value: 136000
School-Elementary: Butte
School-Middle: Palmer
School-High: Palmer
Legal: Ranchettes L2 B2
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 3
Bathrooms Full: 3
Bathrooms Total: 3
Bldgs-Ttl #: 1
Year Built: 1977
Year Remodeled: 2018
Year Updated: 2018
SF-Res: 2527
Number of Units: 3
SF-Lot: 98881.2
Acres: 2.27
Prkg Spcs: 6
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Directions and Remarks
Directions: Take the Old Glenn Highway across the river from Palmer, turn left on Clark-Wolverine road in approx. 1 mile, then right on Mars Avenue in approx. 1/2 mile.
Building Info
Units- # of Effcncy: 2
Units-# of 1 BR: 1
Unit #1
Bath - Full: 1
Bedroom: 1
Unit #2
Bath - Full: 1
Unit #3
Bath - Full: 1
Property Features
Multi-Family Type: Tri-Plex
Foundation Type: Unknown - BTV
Garage Type: None
Carport Type: None
Heating: Kerosene; Natural Gas; Oil
Sewer-Type: Septic Tank
Water-Type: Well
Access Type: Government; Paved; Maintained
View Type: Mountains
Topography: Level; Sloping
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Washer/Dryer
To Show: ShowingTime
Docs Avl for Review: Docs Posted on MLS; Floor Plan; Home Inspection; Prop Discl Available; Other - See Remarks
Supplements
- Brand new septic in 2023!!
- $40,000 of repairs and improvements made in 2023!!
- Loft Airbnb income $14,000 in 2022
- Current rents: $1299 lower, $1199 middle, $949 upper
Neighboring 2 acre lot also available, at 3205 N Mars Av, MLS #23-14086.
Come take a look at this amazing opportunity on lovely Lazy Mountain - contact a real estate licensee to set up a showing today!
MSB property info 
Listing Office: EXP Realty, LLC
Last Updated: March - 31 - 2024
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.