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$ 5,200,000
Est. payment /mo
Active
622 11th AVE Fairbanks, AK 99701
26,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 26,000 sqft
Price per Sqft $200
MLS Listing ID 25-11382
Construction Status Existing Structure
Lot Size 0.697 Acres
Acres 0.7
Source Alaska Multiple Listing Service
Property Description
Investment Opportunity in the Heart of Downtown Fairbanks! Don't miss this rare chance to own a 34-unit complex ideally located in the vibrant core of downtown Fairbanks. This property has been thoughtfully maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing, ensuring long-term durability and appeal. With a proven track record of strong performance, these units offer high income generation with minimal expenses. Investors will appreciate the impressive cap rate of over 8%, making this an exceptional addition to any portfolio. Whether you're looking to expand your holdings or enter the Fairbanks market with a rock-solid investment, this property checks all the boxes. Bring your investorsopportunities like this don't last long!
Location
State AK
Area 710 - North Fairbanks
Zoning GC - General Commercial
Direction Cushman Street, Turn Left on Tenth Ave, Property on the left, across from police station.
Interior
Heating Baseboard
Exterior
Roof Type Membrane
Accessibility , Maintained
Building
Foundation Other
Lot Size Range 0.7
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Others
Tax ID 0519456
Virtual Tour https://www.tourfactory.com/idxr3223461
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Listed by Walden Home Group
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