622 11Th Ave Fairbanks, AK 99701
- Commercial real estate
- 26,000 SF
- 0.70 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 622 11Th Ave
- Lot size
- 0.70 lot acres
- Property size
- 26,000 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairbanks
- County
- Fairbanks North Star Borough
- State
- Alaska
- Longitude
- -147.7206
- Latitude
- 64.83848
