1508 ALDERWOOD DRIVE, Fairbanks, AK 99709

A rare opportunity to own a duplex in the hills above Fairbanks, complete with beautiful views of the Alaska Range! This side-by-side, tri-level duplex offers an outstanding combination of comfortable hillside living, established rental income, and features that are difficult to find in a multifamily property. Each unit features 2 bedrooms, 2.5 bathrooms, and a spacious one-car garage. The thoughtfully designed layouts offer bright living spaces, large windows, comfortable bedrooms, and plenty of room to spread out. The owner's unit has been refreshed with new paint and flooring and will be vacant at closing, making this an excellent opportunity for a buyer looking to occupy one side while collecting rental income from the other. The setting is what truly makes this property special. Nestled among mature trees in the hills above Fairbanks, the property enjoys wonderful views of the Alaska Range, along with a peaceful, wooded atmosphere. Another significant advantage is the property's good well, an uncommon and highly desirable feature at this elevation. The rear deck provides additional outdoor living space to enjoy the surroundings. The tenant-occupied unit currently rents for $2,500 per month plus electricity, with heat included in the rent. The existing lease runs through June 2027, providing an established income stream from day one. An additional opportunity for qualified buyers is the existing assumable FHA mortgage at 6.25%, subject to lender approval and applicable assumption requirements. Whether you're looking for a home that helps pay for itself or a unique addition to your investment portfolio, 1508 Alderwood Drive offers a combination of location, views, income, and financing potential that's hard to beat. Hillside duplexes like this don't come along often!