622 11Th Ave Fairbanks, AK 99701

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.