Description
Five detached rental cabins on just over an acre present a unique acquisition opportunity with established cash flow, flexible tenancy structure, and long-term investment appeal. The property consists of four 480 sq ft 1-bedroom, 3/4 bath cabins plus one newer 580 sq ft 2-bedroom, 3/4 bath cabin. Two cabins were constructed in 1993, two in 2006, and the 2-bedroom cabin was added in 2016, offering a desirable blend of established occupancy history with newer improvements.Each cabin features its own private deck, individual storage unit, and approximately three dedicated parking spaces. The well-spaced cabin layout creates separation and privacy between units, helping distinguish this property from more typical higher-density rental configurations.Current gross annual income is approximately $65,100 with reported operating expenses of approximately $9,457.19, resulting in an attractive expense ratio of approximately 14.5%. All tenants are currently on month-to-month rental agreements, providing a new owner flexibility for future rent adjustments, occupancy planning, or potential operational changes.Detached multi-cabin investment properties with established income history and flexible tenancy structures remain an increasingly limited asset class in today's market, making this an exceptional opportunity for investors seeking stable long-term income, workforce housing demand, or future upside potential.
Details
| MLS # | 26-5143 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 110 |
| Listing Provided By | LPT Realty | Michelle Williams |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,504 |
| Units | 5 |
| Building(s) | 5 |
| Zoning | UNK - Unknown |
| Acreage | 1.02 |
| Water Front | Inlet, River, Ocean |
| Property View | Territorial |
Interior
| Heating | Baseboard |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Metal |
|---|---|
| Security Features | Smoke Detector(s) |
| Lot Features | Level |
| Wtrfrnt Hyphen Access Sp Near Co Wtrfrnt Hyphen Access Sp Near | Inlet, River, Ocean |
| Construction Materials | Post & Beam, Wood Frame - 2x4, Wood Frame - 2x6 |
| Foundation Details | All-Weather Wood, Block, Pillar/Post/Pier, Sono Tubes |
| Exterior Sp Finish Co Exterior Sp Finish | Wood |
| Other Structures | Shed(s) |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | None |
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Septic Tank |
|---|---|
| Gardener Expense | 1141.92 |
| Fuel Expense | 3260.3 |
Location
| Road Surface Type | Gravel, Maintained |
|---|---|
| Frontage Type | None |
Taxes
| Tax Annual Amount | 3131.28 |
|---|---|
| Tax Year | 2025 |
| Tax Map Number | N/A |
| Tax Legal Description | College Village L1 B1 |
Area Information
| State | AK |
|---|---|
| City | Soldotna |
| Zip Code | 99669 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Kalifornsky Beach |
| School District | Soldotna |
| Elementary School | K-Beach |
| High School | Soldotna |
| Listing VS Median (in 99669) | |
Price: $685,000 low | high Med: $447,000 sqft: 2,504 low | high Med: 2,016 $ / sqft: $274 low | high Med: $222 On site: 110 low | high Med: 91 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Soldotna |
| Zip Code | 99669 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Kalifornsky Beach |
| School District | Soldotna |
| Elementary School | K-Beach |
| High School | Soldotna |
| Listing VS Median (in 99669) | |
Price: $685,000 low | high Med: $447,000 sqft: 2,504 low | high Med: 2,016 $ / sqft: $274 low | high Med: $222 On site: 110 low | high Med: 91 | |
