$5,200,000
622 11th Avenue, Fairbanks, AK 99701
- MLS#: 25-11382
- Status: Active
- Days on Market: 120
- Beds: 0
- Baths: 0
- 26,000 sq.ft.
- Year Built: N/A
- 0.7 acres
- Garage/Carport: 0 / 0
Property Details
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!
More Details
- Property Type:
- Lot Size:
- Heat Type:
- Roof:
- Sewer:
- Construction Status:
- Neighborhood:
- Foreclosure:
- Zoning:
- GPS (Lat/Long):
- Commercial
- 30,365 sq.ft.
- Baseboard
- Membrane
- Public Sewer
- Existing Structure
- 3C - Fairbanks North Star Borough
- No
- GC - General Commercial
- 64.8385, -147.721
Listing Office
Walden Home Group