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$524,900
Est. payment /mo
11 Beds
11 Baths
6,874 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,874 sqft
Price per Sqft $76
MLS Listing ID 26-12331
Bedrooms 11
Full Baths 11
Construction Status Existing Structure
Year Built 1971
Annual Tax Amount $5,452
Lot Size 8,784 Sqft
Acres 0.2
Source Alaska Multiple Listing Service
Property Description
See more for additional full detailed remarks on this 11 plex. Great investment opportunity on this 11 plex located in downtown Fairbanks, needs some work but a little sweat equity will go a long way with the potential for high yields. Seller just got done installing a brand new $100,000 roof on (9-1-2026), heating upgrades and a fully remodeled unit. Out of the 11 units there are currently only 6 rented that bring in $5325.00 per month. out of the 4 studio units, 3 are already gutted and the 4th needs gutted. the one remaining 1 bedroom is ready to be put back together with doors and cabinets and tub on site. There are also 2 extra rooms in the basement that are not included in the 11 units. Show your creative side and turn this apartment building into a downtown investment property for the long term. At its current list price that is putting the property at just under $88.00 a sq/ft. What a Deal.
Location
State AK
Area 710 - North Fairbanks
Zoning MF - Multiple Family Residential
Direction Google Maps
Exterior
Waterfront Description None
Water Access Desc Public
Roof Type Membrane,Rubber
Topography Level
Building
Lot Description Level
Foundation Block
Lot Size Range 0.2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Joy
Middle Schools Ryan
High Schools West Valley
Others
Tax ID 040959
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Listed by Alaska Life Realty
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