622 11Th AveFairbanks, AK 99701

Property Details for 622 11Th Ave

Lot size

0.70 AC

Property size (Sq ft)

26,000 SF

Property type

Other commercial real estate

Description

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.

Location Insight

City

Fairbanks

County

Fairbanks North Star Borough

State

Alaska

Latitude

64.8385

Longitude

-147.721

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].