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Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,583 sqft
Price per Sqft $207
MLS Listing ID 21-16839
Sold Date 06/24/22
Bedrooms 24
Full Baths 28
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 1962
Lot Size 0.306 Acres
Acres 0.31
Property Description
Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartmentcomplex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroomowners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currentl Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartment complex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroom owners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currently ran as nightly or extended stay. There is on-site coin-op laundry facility that houses 4 washer & dryer units along with extra storage space for maintenance etc. The retail space was the Fairbanks iconic Connie's boutique which is still set up to be a retail shop or could even make a great coffee shop/small cafe, With CBD Zoning, the options are endless. Studios rent between $1195-1295 a month. Located in the heart of downtown Fairbanks, you don't want this great investment property getting away! Being Sold AS-IS, WHERE IS
Location
State AK
Area 710 - North Fairbanks
Zoning CBD - Central Business
Direction Airport Way To Cushman St. Red & White Brick Buildings On The Left Side Across The street From FPD
Interior
Heating Oil, Other, See Remarks
Exterior
Parking Features None
Building
Foundation Poured Concrete
Lot Size Range 0.31
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Joy
Middle Schools Ryan
High Schools Lathrop
Others
Tax ID 0041009
Acceptable Financing Cash, Conventional, Owner Finance
Listing Terms Cash, Conventional, Owner Finance
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