65449 Lingonberry RdNinilchik, AK 99639

Property Details for 65449 Lingonberry Rd

Year built

1994

Lot size

2.17 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity in Ninilchik, Alaska, presents a thriving multi-unit rental property on a 2.17-acre lot. The property boasts five buildings constructed in 1994 and renovated in 2019, offering a diverse range of rental options. Three short-term rental cabins cater to tourists: two "Bear & Wolf" cabins (231 sq ft each, sleeping 5-6 guests each), and a larger "Moose" cabin (472 sq ft, sleeping 6 guests) with a full kitchen. Two long-term rental units provide stable income: a three-bedroom, one-bathroom double-wide (989 sq ft) and a two-bedroom, one-bathroom single-wide (773.5 sq ft). A shared 423.5 sq ft wash house includes laundry facilities, a tool shed, and loft storage. Additional amenities include a 1,200 sq ft insulated shop, a 192 sq ft shed with utilities, a fish cleaning table, and extra storage. Five RV hookups generate further income potential, and additional water/sewer hookups are in place for future expansion. The property also features a landscaped lawn, a community campfire area, and peekaboo views of Mt. Iliamna and Redoubt. Two septic systems and an insulated, heated well house with a commercial well ensure reliable utilities. Seller financing is available with a 20% down payment at 7.5% interest, amortized over 30 years with a balloon payment in 5 years. A reduced price is considered for all-cash offers. This turnkey operation offers significant income potential and the flexibility to expand or adapt to various business models. The property is located at 65449 Lingonberry Rd, Ninilchik, AK 99639.

Location Insight

City

Ninilchik

County

Kenai Peninsula Borough

State

Alaska

Latitude

60.0275

Longitude

-151.637

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