Anchor Bridge Workforce Housing Campus
Property Description
Anchor Bridge Workforce Housing Campus offers a compelling real estate investment opportunity in Anchor Point, Alaska, strategically positioned to serve the Kenai Peninsula's critical seasonal workforce housing shortage. This nearly completed 21,798 square foot multi-family development sits on 9.09 acres along Old Sterling Highway, just 15 miles from Homer.
The property features 32 private rooms across duplex-style buildings, purpose-built for seasonal and industrial workers in fishing, construction, oil, gas, and tourism industries. Each unit includes shared kitchen and bathroom facilities with electric, natural gas, internet, and water delivery infrastructure already installed.
Key Investment Highlights:
- Prime location with excellent visibility and private access
- High-demand, low-supply market addressing urgent workforce housing needs
- Dual revenue streams through individual rentals and bulk employer leasing
- Clear expansion plans including 43-bed bunkhouse and additional facilities
- Projected positive cash flow by Month 9
- Stabilized cap rate exceeding 20% by Year 4
- Scalable infrastructure supporting future growth
The offering includes approximately $500,000 in remaining completion work, providing buyers with immediate value-add potential. The 2023 construction ensures modern standards and efficiency. This turnkey opportunity addresses a critical market need while offering substantial returns in Alaska's robust seasonal economy.
Ideal for investors or operators seeking to capitalize on the Peninsula's growing industrial and tourism sectors through essential workforce housing solutions.
The property features 32 private rooms across duplex-style buildings, purpose-built for seasonal and industrial workers in fishing, construction, oil, gas, and tourism industries. Each unit includes shared kitchen and bathroom facilities with electric, natural gas, internet, and water delivery infrastructure already installed.
Key Investment Highlights:
- Prime location with excellent visibility and private access
- High-demand, low-supply market addressing urgent workforce housing needs
- Dual revenue streams through individual rentals and bulk employer leasing
- Clear expansion plans including 43-bed bunkhouse and additional facilities
- Projected positive cash flow by Month 9
- Stabilized cap rate exceeding 20% by Year 4
- Scalable infrastructure supporting future growth
The offering includes approximately $500,000 in remaining completion work, providing buyers with immediate value-add potential. The 2023 construction ensures modern standards and efficiency. This turnkey opportunity addresses a critical market need while offering substantial returns in Alaska's robust seasonal economy.
Ideal for investors or operators seeking to capitalize on the Peninsula's growing industrial and tourism sectors through essential workforce housing solutions.
About the Property
- Type
- Multi-Family
- Building Status
- Under Construction
- Facilities & Assets
- 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— 15 miles from Homer—this purpose-built workforce housing project includes 32 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. - Location Description
- 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.
- Current and Prior Use
- 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 43-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.
- Year Built
- 2023
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Current Property Expenses
- 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.
Listing Info
- ID:
- 2378712
- Listing Views:
- 204
Attached DocumentsAttachment Disclaimer
Anchor_Bridge_Offering_Memoradum_min.pdf
Business Location
Listing ID: 2378712 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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