For Sale
$5,500,000

622 11Th AveFairbanks, AK 99701

High-Demand Apartments, Strong Cash Flow

Overview

Added:
Feb 3
Days on market:
60
This exceptional Fairbanks investment opportunity encompasses a 34-unit multi-family complex spread across four buildings situated on a 0.7-acre lot. The property, located at 622 & 632 11th Avenue and 635 & 639 10th Avenue, boasts a total of 26,000 square feet. The unit mix comprises a desirable combination of one-bedroom and three-bedroom apartments, consistently in high demand due to the property's central Fairbanks location. The buildings are well-maintained, and nearly all units have undergone recent updates, contributing to a historically low vacancy rate. This translates to a strong and reliable cash flow, making this a turnkey investment with minimal operational overhead. The asking price for this fully operational property is $5,500,000. This presents a rare chance to acquire a proven, high-performing asset in Fairbanks' robust rental market. The property's prime location and desirable unit mix ensure continued strong occupancy and rental income, making it an attractive investment for those seeking a stable and profitable return. The 0.7-acre lot provides ample space and potential for future development or expansion, further enhancing the long-term value of this exceptional investment opportunity.

Property Details for 622 11Th Ave

Property type
Square Feet
26,000 SF
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Fairbanks
County
Fairbanks North Star Borough
State
Alaska
Latitude
64.83848
Longitude
-147.7206
622 11Th Ave, Fairbanks, Alaska

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622 11Th Ave
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