AK > Fairbanks
Fairbanks, AK 99701,622 11th AVE
Fairbanks, AK 99701,622 11th AVE
Fairbanks, AK 99701,622 11th AVE
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Aurora Courtney

Aurora Courtney

Real Broker Alaska

+1(907) 302-2676
$5,200,000
Est. payment /mo
26,000 SqFt
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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.

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

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Alaska MLS
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Listed by Walden Home Group

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Aurora Courtney

Aurora Courtney

+1(907) 302-2676

Associate Broker | License ID: 100653, 500072

Associate Broker License ID: 100653, 500072

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