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About This Home
This 0-bedroom, 0-bathroom single family at 1533 LACEY STREET in Fairbanks, AK is listed for $8,750,000 ($310 per sqft). Built in 1974, the home offers 28,204 sqft of living space on a 0.79 acres lot.
This property started life out originally as a 60 unit summer only hotel with electric heat. Owners went through the property stripping it entirely to the studs. Updating everything from the studs forward, combining 3 units to make two, ending up with 44 units.
With the updated windows, remote wall insulating ( 9 inches of insulation on outside wall of building) High efficiently boilers, radiant floor on all 4 levels have all brough the cost to heat this building to only 37 cents per square foot, per year. No, that's not a typo, it actually is only 37 cents per square foot a year to heat!
($10,500/year) Some apartment complexes spend that in a month! Property has an elevator that access four floors, making it ADA compliant. Current configuration is a high-end multiplex. Property would be wells suited for a contracting company needing office space and housing. Gross income is over $713,000/year.
Key Features
- Built in 1974
- 0.79 acre lot
- 44 parking spaces
Property Details
Monthly Cost Estimate
$46,797/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1533 LACEY STREET
Fairbanks, AK 99701
Gateway
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1533 LACEY STREET is listed at $8,750,000 ($310/sqft). The estimated monthly payment is $37,917 based on 20% down at 6.5% interest.
Key features include: Built in 1974, 0.79 acre lot, 44 parking spaces.
This property is listed by Ray Brasier and can be reached at 9077503920 or FbkRealty@gmail.com.