This is a unique property that was built for and has continued to be a rooming house for many years. Located close to downtown, it is within walking distance to almost everything. It fills a niche for folks that have a limited budget and don't need much space - some have lived there for many years. Converting to a B&B, office or other use are options. You can access the building from 6th or 7th Avenue with parking on both sides. Laundry area, bike storage and storage units are also available in addition to 25 living areas, some with private baths but most that share 5 common bathrooms. Security doors, sprinkler system throughout, 2 boilers and other amenities make this an investment without much competition. Some furnishings will convey. Owner is a licensed Broker in the State of Alaska. Tax parcels 37583 & 37574. The addition (1982) is 2x6; original section (1954) unknown. See attached document for more info on the layout and building amenities.
Welcome to this promising fixer-upper opportunity. This property, nestled in a prime location, awaits your creative touch to realize its full potential. Currently configured as a duplex with two bedrooms in each unit, this home offers flexibility - continue as an income-generating property or easily convert it into a spacious single-family home to suit your needs. With flooring and cosmetic updates needed, this home presents an exciting project for those with vision and ambition. One bathroom has been demoed and is ready to be transformed into a dream oasis. Enjoy the convenience of city water services and some recent upgrades such as a partially renovated bathroom and a newer boiler. Offered as-is, this property invites cash buyers or those with renovation/construction loans to seize the chance to customize their dream home. Don't miss out on this chance to create something truly special - schedule your viewing today!
Looking for a High Income producing property? Then this is it!! You get 2 - 8 Plex's for a total of 16 units. Each unit is 2 bedrooms and 1bathroom and each building is 6656 sq/ft for a total of 13312 sq/ft of living space. Each building has their own coin -op washer/dryer laundry area. there is also a 2 story utility building and an Atco unit that is full of parts, tools, a couple extra ovens that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Contact today for a showing and to request the 2023 Income statements and 2023 rental rates. All units are rented. These generate a high cash flow. Seller will not owner finance, Purchase needs to be cash or to purchase these with a loan you would need a high down payment due to the second building. Call for more details.
Charming Multi-Family Property in the Heart of Fairbanks, AK! This meticulously maintained gem offers an array of conveniences, from in-unit washer and dryer facilities to plug-ins for vehicles outside. With spacious living areas and abundant storage, it promises comfort and convenience. The front and back yards are securely fenced, and the prime location places you near the hospital, sports parks, schools, the public library, the airport, Fort Wainwright military base, a movie theater, and numerous downtown amenities. Don't miss this opportunity to invest or live in this well-equipped property in the heart of Fairbanks. Schedule your showing today to explore all it has to offer!
Fairbanks is located in Alaska. Fairbanks, Alaska has a population of 31,853. Fairbanks is more family-centric than the surrounding county with 37.99% of the households containing married families with children. The county average for households married with children is 36.9%.
The median household income in Fairbanks, Alaska is $60,658. The median household income for the surrounding county is $76,250 compared to the national median of $57,652. The median age of people living in Fairbanks is 28.1 years.
The average high temperature in July is 73.7 degrees, with an average low temperature in January of -14.2 degrees. The average rainfall is approximately 12.4 inches per year, with 64.4 inches of snow per year.