Single-family residence buy & hold investment in Eagle River.

[Jeremy Bartlett]

Investment Info:

Single-family residence buy & hold investment in Eagle River.

Purchase price: $308,000
Cash invested: $39,000

Single Family Fixer-Upper. Needed new roof, interior/exterior paint throughout, new flooring throughout, new trim throughout, repair work to deck, and new banister. Sits in a great neighborhood. Most houses in area go for around $360K+. Negotiated $10K from seller and invested $10K for total remodel. Planning on living in it for a year or two and turning into an AirBnB as a mountain lodge feel in AK.