Sprawling layout with 3 living rooms and a mother-in-law apartment with own entrance and driveway that can pay nearly half of your payment. Amazing half acre with trees and privacy.Partial water view, amazing sunsets, Denali. Updated plumbing, heating, some windows, roof, just purchased high-end appliances in the main house (not shown in the pictures).The apartment rents for $1,100 per month. The passive cash flow will pay nearly half the mortgage payment, making this home unbelievably affordable. How much house can be purchased in Anchorage with a $1,400 to $1,500 monthly payment (including principal, interest, taxes, insurance, escrow, etc.)?
The answer is about $245,000.
Want a $437,000 home, with a payment equal to what you'd have on a $245,000 home? You can with this property because the apartment generates a passive cash flow of more than $13,000 a year.
The apartment can be used as an office, a business with a separate driveway and entrance, a "mother-in-law's" home, or continue renting it and use the passive cash flow to pay off a 30 year mortgage in about 17 years.
A four-level split on the mid hillside on a quiet dead-end street that provides easy access to all of Anchorage. It feels like you're in the country, but you're only 15 minutes from the Ted Stevens Airport, only 20 minutes from downtown, only 30 minutes from Eagle River, and just 1 hour from Whittier.
Main House: 3 Bedrooms / 2 Bathrooms / 3 Living Rooms / 2 Car Garage
Apartment: 1 Bedroom / 1 Office or 5th Bedroom / 1 Bathroom / 1 Laundry -- Storage room / 1 Carport
3,060 square feet
Updated: Plumbing and heating, some windows, a roof, and new high-end appliances in the main house (new appliances are not shown in the pictures).
Wonderful appliances included in the sale, to include both laundry rooms.
Oversized 2 car garage attached to the main house on driveway #1.
Carport attached to the apartment on driveway #2.
