609 S Cobb Street,Palmer, AK 99645
Palmer, AK 99645
Description
Exceptional Downtown Palmer Investment Opportunity! Rarely does a property of this caliber become available in the heart of Palmer. This fully remodeled six-plex offers investors a true turnkey asset with all units currently occupied, providing immediate and reliable income from day one. Ideally situated within walking distance of downtown Palmer's shops, restaurants, parks, and local amenities Tenants enjoy the convenience of an unbeatable location while owners benefit from strong rental demand in one of Alaska's most desirable communities. Extensively updated throughout, this property features modern improvements, attractive finishes, and well-maintained units designed to maximize tenant satisfaction and long-term value. The thoughtful renovations provide a low-maintenance investment opportunity with the charm and appeal today's renters are seeking. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this property checks all the boxes. Opportunities to acquire a fully occupied, fully renovated six-plex in downtown Palmer are exceptionally rare. Don't miss this once-in-a-lifetime chance to own a premier income-producing property in a thriving Alaska market. Strong cash flow, prime location, and quality renovations make this an investment opportunity you won't want to let pass by. Schedule your private tour today and discover the potential of this outstanding multifamily property.Investment Highlights: Fully occupied six-plex generating $11,400 per month ($136,800 annually) in gross rental income. Owner expenses are minimal, with tenants providing strong and consistent cash flow. Extensively remodeled and ideally located within walking distance to downtown Palmer, offering an exceptional turnkey investment opportunity with immediate income and long-term appreciation potential.
Details
| MLS # | 26-7673 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 62 |
| Listing Provided By | Keller Williams Realty Alaska Group of Wasilla | Dustin Renner |
Features
| SQ Feet | 6,096 |
|---|---|
| Zoning | CG - General Commercial (re: Cit |
| Acreage | 0.22 |
Interior
| Heating | Electric |
|---|---|
| Heating Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Access Co Access | Maintained, Paved |
|---|
Taxes
| Tax Map Number | PA05 |
|---|---|
| Tax Legal Description | ARRC 1 L11-12 B11 |
Area Information
| State | AK |
|---|---|
| City | Palmer |
| Zip Code | 99645 |
| Area | 1D Matanuska Susitna Borough |
| Subarea | PA Palmer |
| Listing VS Median (in 99645) | |
Price: $1,599,000 low | high Med: $499,950 sqft: 6,096 low | high Med: 2,806 $ / sqft: $262 low | high Med: $182 On site: 62 low | high Med: 22.5 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Palmer |
| Zip Code | 99645 |
| Area | 1D Matanuska Susitna Borough |
| Subarea | PA Palmer |
| Listing VS Median (in 99645) | |
Price: $1,599,000 low | high Med: $499,950 sqft: 6,096 low | high Med: 2,806 $ / sqft: $262 low | high Med: $182 On site: 62 low | high Med: 22.5 | |
 | $1,598,000609 S Cobb StreetPalmer, AK 99645 |