1755 Latoya Circle, Fairbanks, AK 99701

Property Description

Fantastic investment opportunity at an affordable price! This unique property features a 1-bedroom, 1-bathroom home situated above an oversized heated one-car garage, with TWO lots included in the sale for just $149,000! The upstairs living space offers a functional layout with a spacious living room, kitchen with ample cabinet space, and comfortable bedroom. Downstairs, the oversized heated garage provides plenty of room for parking, storage, or a workshop, complete with workbench space and laundry area. Additional covered storage along the back of the home provides even more room for your Alaskan toys, tools, and equipment. Outside, the property features a spacious yard with mature trees and plenty of outdoor space. The second lot includes an existing foundation from a previous structure, offering additional possibilities for future use or development, subject to applicable approvals. Currently tenant-occupied with a lease in place through June 30, 2027, generating $1,650 per month plus electric, or $19,800 in annual gross rental income at the current rate! Whether you’re looking to expand your investment portfolio or secure an affordable property with additional land and future potential, this is an opportunity worth exploring.