Property Description

Great opportunity for someone to develop this 1.55 acre site while collecting rents from the existing properties. The duplex has a one bedroom unit upstairs that rents for $850/m and an efficiency unit downstairs that rents for $690. The coin-op laundry for all tenants on this property is located on the bottom level of this duplex as well. The small 1 bedroom house built in 2015 rents for $900/m. And the older house, built in 1946, rents for $675. All tenants pay electric and no other utilities. The shipping containers are stored on the property for $110/m, which results in a total monthly income of $3225 for all units & storage. There is also an older detached garage. This property is on public utilities and it would work for a condo project or several multi-family units. Known locally as “Fat City”. Selling as-is.

Features
10
: Hot water baseboard, Radiant floor, Forced air
: Unfinished
: East fairbanks
: Multiple structures
: Other/see remarks
: Concrete block
: Rv parking, Lawn, Garden area, Telephone service, High speed internet, Cable tv, Shed
: Smoke detectors, Tile floors
: Shingle, Metal
: Public
: Public
: Slough
Address Map
US
AK
Fairbanks
99701
FRONT STREET
609
W148° 18' 14.7''
N64° 50' 34.5''
Additional Information
4
14
Nordale
Tanana
Lathrop
Multiple-family residential district
7648
AUDREY
FOLDOE
12
MEYERES REAL ESTATE

Multi-family For Sale

609 FRONT STREET, Fairbanks, Alaska 99701

1.55 Acre
$295,000
Listing ID #143179
Basic Details
Property Type : Multi-family
SubType : Four plex
Listing Type : For Sale
Listing ID : 143179
Price : $295,000
Year Built : 1998
Lot Area : 1.55 Acre
Status : Active
Agent info
Gold Standard Realty
1231 Noble St Fairbanks, AK 99701
Contact Agent