612 11TH AVENUE
Property Description
Great investment opportunity on this 11 plex located in downtown Fairbanks, needs some work but a little sweat equity will go a long way with the potential for high yields. Seller just got done installing a brand new $100,000 roof on (9-1-2026), heating upgrades and a fully remodeled unit. Out of the 11 units there are currently only 6 rented that bring in $5325.00 per month. out of the 4 studio units, 3 are already gutted and the 4th needs gutted. the one remaining 1 bedroom is ready to be put back together with doors and cabinets and tub on site. There are also 2 extra rooms in the basement that are not included in the 11 units. Property is heated by District steam Heat for a substantially lower cost than gas or oil. Show your creative side and turn this apartment building into a downtown investment property for the long term. At its current list price that is putting the property at just under $88.00 a sq/ft. What a Deal.
Broker Details
Alaska Life Realty (907) 322-5888
MLS ID: 562 State License Number: RECS17863
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $599,900 |
| No. of Units: | 11 |
| Year Built: | 1971 |
| Lot Size: | 6,874.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $54,536 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 11 |
ID: 3yd-GFBRAK-161396
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