16802 Park Place St, Eagle River, AK 99577

Priced below assessed value! Long term, reliable tenants on monthly agrments. Well maintained 4-plex in central Eagle River close to shopping, dining & amenities. Metal roof, vinyl siding, carport roofing updated, newer windows, newer water heater, newer water tank, newer well pump, gutters & downspouts, smoke & CO detectors. These units are currently rented below market value at $950. No laundry.On site property manager occupies Apt 4. Apt 4 updated in 2024 w/new stove, kitchen cabinets, bathroom & more! 24 hour notice to show firmly enforced. Only Apt 4 will be shown prior to written notice of intent or offer with Earnest Money. No laundry. Units 1, 2, 3 were not updated in 2024; units are dated but functional. The units across the driveway, under different owner, bring in $1650/mo rents. Buyer must acknowledge shared well agreement; neighboring property owner has been notified that we recommend writing an amended agreement at time of sale. Copy attached for review. Currently these two properties are operating on a mutual agreement by some shared expenses such as trash, water and plowing. No for sale sign posted. Please do not disturb tenants. Zoned Residential Office (RO) - imagine the possibilities!