12300 E Drift Lane, Palmer, AK 99645 (MLS# 24-10944)
$1,897,000
Palmer, AK 99645
MLS# 24-10944
Status: Closed
24 beds | 12 baths | 4050 sqft
1 / 40
Property Description
Discover a unique investment with three meticulously maintained 4-plexes, each situated on 0.92 acres of prime real estate. Enjoy the benefits of separate concrete tank septic systems and a shared community well. Included in the sale is a 2-car garage/shop that can either be rented out at an additional charge to a tenant or utilized by an owner occupier.
Details
Maps
Documents
Contract Info
Price-List: 1897000
Date-Listing: 2024-08-22
Status: Closed
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2024-10-04
Date-Closing: 2025-01-06
Location Tax and Legal
Area: PA - Palmer
Street #: 12300
Directional: E
Street Name: Drift
Arterial: Lane
Closest USPS Town: Palmer
State: AK
Zip Code: 99645
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 24
Bathrooms Full: 12
Bathrooms Total: 12
Bldgs-Ttl #: 3
Year Built: 1977
Year Remodeled: 2024
Year Updated: 2024
SF-Res: 4050
Number of Units: 12
SF-Lot: 120225.6
Acres: 2.76
Garage Spaces: 3
Prkg Spcs: 24
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Directions and Remarks
Directions: North on the Glenn Hwy. Left on Drift Lane (across from fair grounds). Property will be on your left.
Property Features
Multi-Family Type: Four-Plex; Up and Down
Foundation Type: Block
Heating: Baseboard; Natural Gas
Sewer-Type: Septic Tank
Water Source: Private; Shared Well
View Type: Mountains
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Supplements
Located conveniently across from the Fair Grounds, this property offers both strategic value and prime location. About 50% of the furnaces are 2-5 years old, multiple units have been remodeled and updated. New exterior paint, pressure tanks and water softeners. All units are 2bed 1bath and metered separately for electric.
Great Opportunities like this are raredon't let this chance slip away!
Rental income + Expenses 
Listing Office: Alaska Realty & Investments
Last Updated: January - 06 - 2025
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.