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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $114
MLS Listing ID 23-13737
Sold Date 03/28/24
Bedrooms 24
Full Baths 12
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 1962
Lot Size 0.599 Acres
Acres 0.6
Property Description
Here's an outstanding investment at 827 & 829 17th Ave, a well-maintained 12-unit multiplex featuring two-bedroom, one-bathroom units ineach. Positioned near the hospital, downtown, and with easy highway access, this property offers convenience for both tenants and future investors alike. Recent upgrades, including renovations, updated windows, flooring, lighting, and a new ($40,000) roof on 829, highlight the commitment to quality. Boilers have been upgraded within the last 10 years, and three units in each building have received new floors and paint, ensuring an appealing living environment. With a low vacancy rate and careful maintenance, this multiplex boasts a solid rental history, making it an attractive addition to any investment portfolio. Priced at $1.2 million, this turnkey property presents a fantastic opportunity for steady income.
Location
State AK
Area 720 - Southeast Fairbanks
Zoning MFO - Multi-Family
Direction S. on Cushman to right on 17th. Or, Airport to Gillam to left on 17th.
Interior
Heating Baseboard, Oil
Exterior
Roof Type Shingle
Building
Foundation Poured Concrete
Lot Size Range 0.6
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Hunter
Middle Schools Ryan
High Schools Lathrop
Others
Tax ID 0091979
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