12300 E Drift Lane, Palmer, AK 99645

$1,897,000
Property Type: Multi-Family Bedrooms: 24 Baths: 12 Square Footage: 4,050 Lot Size (sq. ft.): 120,226 Status: Closed
Current Price: $1,897,000 Last Modified: 1/06/2025

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.

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!

More Information MLS# 24-10944

Contract Info

Foreclosure/Bank Own: No Price-List: 1897000 Date-Listing: 2024-08-22 Status: Closed

Location, Tax and Legal

Region: 1 - Southcentral Alaska Region Borough/Census Area: 1D - Matanuska Susitna Borough Grid # (Muni Anch): N/A Tax Map #-Mat-Su: PA12 Legal: Wild Rose Estates L6-8 School-Elementary: Sherrod/Swanson School-Middle: Palmer School-High: Palmer

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Bathrooms Half: 0 Bathrooms Three Quarter: 0 Bathrooms Full: 12 Bathrooms Total: 12 Bldgs-Ttl #: 3 Acres: 2.76 SF-Lot: 120225.6 Lot Area Source: Tax Authority Year Remodeled: 2024 Year Updated: 2024 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston Garage Spaces: 3 Carport Spaces: 0 Prkg Spcs: 24 Beds: 24 Year Built: 1977 SF-Res: 4050 Number of Units: 12

Directions and Remarks

Directions: North on the Glenn Hwy. Left on Drift Lane (across from fair grounds). Property will be on your left.

Multi-Family Type

Four-Plex: 1 Up and Down: 1

Heating

Baseboard: 1 Natural Gas: 1

Topography

Level: 1

Foundation Type

Block: 1

View Type

Mountains: 1

Wtrfrnt-Access Near

None: 1

Wtrfrnt-Frontage

None: 1

Sewer-Type

Septic Tank: 1

Water Source

Private: 1 Shared Well: 1

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 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

Documents

Listing Office: Alaska Realty & Investments
IDX
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.