$2,400,000
Fairbanks, AK 99701
MLS# 21-16839
Status: Closed
24 beds | 28 baths | 11583 sqft
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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
Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 2400000
Date-Listing: 2021-11-04
Status: Closed
Location, Tax and Legal
Region: 3 - Interior & North Alaska Regions - All
Borough/Census Area: 3C - Fairbanks North Star Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: L1 L2B & L8 B116 Fairbanks Townsite
School-Elementary: Joy
School-Middle: Ryan
School-High: Lathrop
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 28
Bathrooms Total: 28
Bldgs-Ttl #: 2
Acres: 0.31
SF-Lot: 13315
Lot Area Source: Tax Authority
Zoning: CBD - Central Business District
Garage Spaces: 0
Carport Spaces: 0
Prkg Spcs: 19
Beds: 24
Year Built: 1962
SF-Res: 11583
Number of Units: 24
Directions and Remarks
Directions: Airport Way To Cushman St. Red & White Brick Buildings On The Left Side Across The street From FPD
Multi-Family Type
Apartment Style: 1
Other - See Remarks: 1
Building Info
Units- # of Effcncy: 23
Units-# of 1 BR: 1
Vacancy Rate: 0
Listing Terms Financing
Cash: 1
Conventional: 1
Owner Finance: 1
Heating
Oil: 1
Other: 1
See Remarks: 1
Construction Type
Concrete: 1
Foundation Type
Poured Concrete: 1
Wtrfrnt-Access Near
None: 1
Garage Type
None: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Sewer-Type
Public Sewer: 1
Mortgage Info
EM Minimum Deposit: 2
Features-MultiFamily
Covenants: 1
CO Detector(s): 1
In City Limits: 1
Laundry Facility: 1
Owner Occupied: 1
Smoke Detector(s): 1
Sold Info
Date-Pending: 2022-01-27
Date-Closing: 2022-06-24
Location Tax and Legal
Area: 710 - North Fairbanks
Street #: 1010
Street Name: Cushman
Arterial: Street
Street Addl Info: & 1002
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Property Features
Multi-Family Type: Apartment Style; Other - See Remarks
Foundation Type: Poured Concrete
Construction Type: Concrete
Garage Type: None
Carport Type: None
Heating: Oil; Other; See Remarks
Sewer-Type: Public Sewer
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: Covenants; CO Detector(s); In City Limits; Laundry Facility; Owner Occupied; Smoke Detector(s)
Listing Terms Financing: Cash; Conventional; Owner Finance
Supplements
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
Listing Package 
IDX
Listing Office: NextHome Arctic Sun
Last Updated: September - 27 - 2024
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.