Access to city power
Shared driveway available for access to your lot!
3+ acre lots on Beam Road, stellar views. Power is accessible and road is plowed all year long! Located outside of city limits so there are NO PROPERTY TAXES!
While it isn’t as available as it once was, there are still some financing options that do cover 100% of the purchase price of the home!
- VA offers 100% financing with NO DOWN, no PMI (private mortgage insurance), closing costs can be paid by the seller.
- USDA Guaranteed Rural offers 100% financing, fixed rates, gift funds allowed for closing costs and allows for new construction.
In addition, purchasing a Nome Sweet Home requires much less than the 20% downpayment required in the lower 48. The FHA downpayment is only 3.5%, and the HUD184 for Alaska Natives is typically only 2.25% down.
Fimon Trucking is a well-known name in the Nome and surrounding area. Roads, residential pads, mining and corporate/government contracting and subcontracting jobs are all a part of the services provided by this long-term, respected and established gravel company. Operated in the summers and clearly showing a good profit, the owner wants to spend more time with family out of state and is looking for a serious buyer to turn over the keys! Along with equipment, this sale includes 2 storage containers, tools, spare parts.
Almost 3 acres with a ‘dome-style’ cabin, this is one of the best lots in this subdivision! Amazing views of the Nome River, the Bering Sea and the mountains. The dome is on a block and pad foundation on fill, with a deck built onto it. The power is connected, so this place is ready to go! Located only 4 miles out the Beam Road, it’s outside of the City of Nome so there are ZERO TAXES.
A perfect spot for a summer retreat, or a great location to build a home with a filled lot and electric service already in place!
Repurpose existing buildings: Of course there are parts of the building which cost money to bring up to code, to fix, or to eliminate. But these costs do not compare to the enormous amount you save when you purchase a pre-existing building, as there is a huge creation of value there.
Create smaller units: Not only can can fit more units in a building if they’re smaller, but if you are going to rent to lower-income people, the utilities would have to be cheaper too. Smaller units kill two birds with one stone.
Leverage mass transit/walking: This goes along with the previous tip. If tenants don’t have to pay for parking, gas, or upkeep on a car, this also makes rent easier to come by.
Splurge on windows: Again, this one comes down to utility costs. While new, energy-efficient windows can be a big expense, they will pay off in the long run in the form of lower heating and cooling bills.
Ditch the carpeting: Tile or hardwood floors might not be especially cheap compared to industrial carpet, but they can go many years without needing to be replaced. Furthermore, avoiding carpeting allows for less down-time between tenants.
From a new port to a new Wellness Center to the Graphite mine, there are several projects planned for Nome that will require expansion in our housing market. There is currently a shortage of affordable housing choices for individuals and families in Nome. Could this 5,000 plus sq ft building be converted to a viable housing option?