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USAAKAnchor Point42706 Old Sterling Hwy
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$1,495,000

42706 Old Sterling Hwy, Anchor Point, AK

House

For Sale

$--,---,---
32120
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 21798 sqft
Garage No
Taxes 
Days Active 3
Lot Size 
Approx. Age 2023
Avg. Price Per Sqft $68
MLS® Number 25-7227

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Anchor Bridge Workforce Housing Campus presents a unique opportunity to own a nearly completed income-generating property in the heart of Alaska's Kenai Peninsula. Strategically located along Old Sterling Highway in Anchor Point--just 15 miles from Homer--this purpose-built workforce housing project includes 32 private rooms across duplex-style buildings.Designed to meet the urgent housing needs of seasonal and industrial workers in fishing, construction, oil, gas, and tourism, the campus is ideal for both individual rentals and bulk leasing to employers. Each unit features shared kitchen and bathroom facilities, with electric, natural gas, internet, and water delivery already in place. The offering includes approximately $500, 000 in remaining completion work to be undertaken by the buyer, with clear plans for expansion including a 43-bed bunkhouse, laundry facilities, and corner lot development. First-year financial projections show positive cash flow by Month 9, with a stabilized cap rate of over 20% by Year 4. The 9.09-acre site offers excellent visibility, private access, and scalable infrastructure. Whether you're an operator or investor looking to meet local housing demand, Anchor Bridge provides an unmatched opportunity in a high-demand, low-supply market.Show Description
MLS® Number25-7227
Laundry Level
Central VacNo
FireplaceNo
Acreage9.09
Exterior
GarageNo
Approx. Age2023
Basement
DrivewayNo Garage, No Carport
Garage Spaces
HeatOther
A/C
Heating Fuel

Extras

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