$650,000
637 Fairbanks Street
Anchorage, AK 99501
MLS# 21-8091
Status: Closed
5 beds  |  4 baths  |  3930 sqft


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Property Description
This diamond of a property is a recently remodeled downtown oasis. This unconventional duplex or triplex sits on two fully fenced-in lots that are a gardeners dream. The vacant lot is zoned commercial and has limitless potential. Top floor unit is a light filled penthouse with 15' ceilings, floor to ceiling windows leading out to the deck and views of the mountains and the city lights.

Details
Maps
Contract Info
Foreclosure/Bank Own: No
Price-List: 650000
Date-Listing: 2021-05-26
Status: Closed
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1331
Tax Map #-Mat-Su: N/A
Legal: East Addn L17 B16 of Acre 5
Taxes (Estimated): 9569
Tax Year: 2021
School-Elementary: Denali
School-Middle: Central
School-High: West Anchorage
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Bathrooms Full: 4
Bathrooms Total: 4
Bldgs-Ttl #: 2
Acres: 0.25
SF-Lot: 11000
Lot Area Source: Tax Authority
Year Remodeled: 2021
Zoning: B3 - General Business
Garage Spaces: 1
Carport Spaces: 0
Prkg Spcs: 7
Beds: 5
Year Built: 1939
SF-Res: 3930
Number of Units: 3
Directions and Remarks
Directions: Head East on 6th Ave, Right on Fairbanks St, building & lot are on the left.
Multi-Family Type
Duplex: 1
Tri-Plex: 1
To Show
ShowingTime: 1
Building Info
Units-# of 1 BR: 2
Units-# of 3 BR: 1
Listing Terms Financing
Cash: 1
Conventional: 1
VA Loan: 1
Exterior Finish
Other - See Remarks: 1
Heating
Baseboard: 1
Natural Gas: 1
Topography
Level: 1
Roof Type
Rolled/Hot Mop: 1
Other: 1
Construction Type
Wood Frame - 2x6: 1
Foundation Type
Unknown - BTV: 1
View Type
City Lights: 1
Mountains: 1
Wtrfrnt-Access Near
None: 1
Garage Type
Detached: 1
Wtrfrnt-Frontage
None: 1
Carport Type
None: 1
Flooring
Carpet: 1
Laminate: 1
Ceramic: 1
Luxury Vinyl: 1
Sewer-Type
Public Sewer: 1
Access Type
Dedicated Road: 1
Paved: 1
Maintained: 1
Mortgage Info
EM Minimum Deposit: 7250
Features-MultiFamily
CO Detector(s): 1
DSL-Cable Available: 1
Fire Pit: 1
In City Limits: 1
Laundry Facility: 1
Smoke Detector(s): 1
Washer/Dryer: 1
Washer/Dryer HkUp: 1
Docs Avl for Review
Lease: 1
Income & Expenses
Exp-Elec/Yr Avg: 1300
Exp-Gas/Yr Avg: 1300
Exp-Insurance/Yr Avg: 1600
Exp-Maint/Yr Avg: 2000
Exp-Refuse/Yr Avg: 2000
Exp-Wtr/Swr/Yr Avg: 1000
Unit #1
Bath-Half: 1
Bath-Three Qtr: 1
Bedroom: 2
Family Room: 1
Kitchen: 1
Living Room: 1
Garage: 1
Unit #2
Bath-Three Qtr: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Garage: 1
Parking Spaces: 1
Unit #3
Bath-Three Qtr: 1
Bedroom: 3
Kitchen: 1
Living Room: 1
Parking Spaces: 3
Sold Info
Date-Pending: 2021-07-19
Date-Closing: 2021-11-02
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 637
Street Name: Fairbanks
Arterial: Street
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Features
Multi-Family Type: Duplex; Tri-Plex
Exterior Finish: Other - See Remarks
Roof Type: Rolled/Hot Mop; Other
Foundation Type: Unknown - BTV
Construction Type: Wood Frame - 2x6
Garage Type: Detached
Carport Type: None
Heating: Baseboard; Natural Gas
Sewer-Type: Public Sewer
Access Type: Dedicated Road; Paved; Maintained
View Type: City Lights; Mountains
Topography: Level
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: CO Detector(s); DSL-Cable Available; Fire Pit; In City Limits; Laundry Facility; Smoke Detector(s); Washer/Dryer; Washer/Dryer HkUp
Flooring: Carpet; Laminate; Ceramic; Luxury Vinyl
To Show: ShowingTime
Docs Avl for Review: Lease
Listing Terms Financing: Cash; Conventional; VA Loan
Supplements
The middle level has endless possibilities as additional living space, an office, retail, or another rental unit. The middle is plumbed for a complete kitchen, but is currently set up with a sizable kitchenette and was recently used as a spacious studio apartment. Bottom floor is a three bedroom rental unit with its own washer/dryer unit and radiant heat flooring that is currently rented and income producing. The garage is accessed from the alley and has an attached workshop space and newly sealed roof. The house's vertex insulation and new high efficient boiler keep utility bills low. Both the middle and top floors have gorgeous original hardwood floors that are ready to be refinished  current owners used a drop-down flooring product to preserve the wood floors below. Owners are still wrapping up trim/finishes, but are open for showings. Owners are also willing to negotiate up to a $10k finishing allowance for a buyer with specific finishes in mind.

IDX
Listing Office: Real Broker, LLC

Last Updated: October - 01 - 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.