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About This Home
This 0-bedroom, 0-bathroom single family at 622 11TH AVENUE in Fairbanks, AK is listed for $4,999,999 ($192 per sqft). Built in 1972, the home offers 26,000 sqft of living space on a 0.70 acres lot.
Investment Opportunity in the Heart of Downtown Fairbanks! Don't miss this rare chance to own a 34-unit complex ideally located in the vibrant core of downtown Fairbanks. This property has been thoughtfully maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing, ensuring long-term durability and appeal.
With a proven track record of strong performance, these units offer high income generation with minimal expenses. Investors will appreciate the impressive cap rate of over 8%, making this an exceptional addition to any portfolio. Whether you're looking to expand your holdings or enter the Fairbanks market with a rock-solid investment , this property checks all the boxes. Bring your investors-opportunities like this don't last long!
Key Features
- Built in 1972
- 0.70 acre lot
- 32 parking spaces
Property Details
Monthly Cost Estimate
$26,741/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
622 11TH AVENUE
Fairbanks, AK 99701
Fairbanks Townsite
Questions & Answers
This 0-bedroom, 0-bathroom single family at 622 11TH AVENUE is listed at $4,999,999 ($192/sqft). The estimated monthly payment is $21,667 based on 20% down at 6.5% interest.
Key features include: Built in 1972, 0.70 acre lot, 32 parking spaces.
This property is listed by Cullen Wallace and can be reached at 2063217510 or cullen@akpropertyadvisors.com.