42706 Old Sterling HWY Active Save Request In-Person Tour Request Virtual Tour
Anchor Point,AK 99556
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 21,798 sqft
Price per Sqft $68
MLS Listing ID 25-7227
Bedrooms 36
Full Baths 12
Year Built 2023
Lot Size 9.090 Acres
Property 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 36 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 48-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.
Location
State AK
Area 482 - Anchor Point To Homer
Zoning UNZ - Not Zoned
Exterior
Parking Features None
Building
Foundation None
Schools
Elementary Schools Chapman
Middle Schools Chapman
High Schools Homer
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional