1010 Cushman Street, & 1002, Fairbanks, AK 99701 (MLS# 21-16839)
$2,400,000
Fairbanks, AK 99701
MLS# 21-16839
Status: Closed
24 beds | 28 baths | 11583 sqft
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Property Description
Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartmentcomplex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroomowners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currentl
Details
Maps
Documents
Contract Info
Price-List: 2400000
Date-Listing: 2021-11-04
Status: Closed
Commission Type: %
Commission to SO: 2.5
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2022-01-27
Date-Closing: 2022-06-24
Location, Tax and Legal
Region: 3 - Interior & North Alaska Regions - All
Borough/Census Area: 3C - Fairbanks North Star Borough
Area: 710 - North Fairbanks
Street #: 1010
Street Name: Cushman
Arterial: Street
Street Addl Info: & 1002
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
School-Elementary: Joy
School-Middle: Ryan
School-High: Lathrop
Legal: L1 L2B & L8 B116 Fairbanks Townsite
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 24
Bathrooms Full: 28
Bathrooms Total: 28
Bldgs-Ttl #: 2
Year Built: 1962
SF-Res: 11583
Number of Units: 24
SF-Lot: 13315
Acres: 0.31
Prkg Spcs: 19
Lot Area Source: Tax Authority
Zoning: CBD - Central Business District
Directions and Remarks
Directions: Airport Way To Cushman St. Red & White Brick Buildings On The Left Side Across The street From FPD
Building Info
Units- # of Effcncy: 23
Units-# of 1 BR: 1
Mortgage Info
EM Minimum Deposit: 2
Property Features
Multi-Family Type: Apartment Style; Other - See Remarks
Foundation Type: Poured Concrete
Construction Type: Concrete
Sewer-Type: Public Sewer
Water-Type: Public
Features-MultiFamily: Covenants; CO Detector(s); In City Limits; Laundry Facility; Owner Occupied; Smoke Detector(s)
Supplements
Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartment complex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroom owners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currently ran as nightly or extended stay. There is on-site coin-op laundry facility that houses 4 washer & dryer units along with extra storage space for maintenance etc. The retail space was the Fairbanks iconic Connie's boutique which is still set up to be a retail shop or could even make a great coffee shop/small cafe, With CBD Zoning, the options are endless. Studios rent between $1195-1295 a month. Located in the heart of downtown Fairbanks, you don't want this great investment property getting away! Being Sold AS-IS, WHERE IS
Listing Package 
Listing Office: NextHome Arctic Sun
Last Updated: August - 23 - 2023
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.