186 Madcap Lane, & 192, Fairbanks, AK 99709 (MLS# 24-15126)
$699,000
Fairbanks, AK 99709
MLS# 24-15126
Status: Closed
32 beds | 16 baths | 13312 sqft
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Details
Maps
Contract Info
Price-List: 699000
Date-Listing: 2024-12-30
Status: Closed
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2025-02-01
Date-Closing: 2025-02-25
Location Tax and Legal
Area: 740 - Rural Fairbanks
Street #: 186
Street Name: Madcap
Arterial: Lane
Street Addl Info: & 192
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99709
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 32
Bathrooms Full: 16
Bathrooms Total: 16
Bldgs-Ttl #: 2
Year Built: 1964
SF-Res: 13312
Number of Units: 16
SF-Lot: 36310
Acres: 0.83
Prkg Spcs: 16
Lot Area Source: Owner
Zoning: MF - Multiple Family Residential
Directions and Remarks
Directions: See google maps
Building Info
Units- # of 2 BR: 16
Mortgage Info
EM Minimum Deposit: 10000
Property Features
Multi-Family Type: Other - See Remarks
Exterior Finish: Wood
Roof Type: Membrane
Foundation Type: Poured Concrete
Construction Type: Wood Frame - 2x4
Garage Type: None
Carport Type: None
Heating: Baseboard; Oil
Sewer-Type: Public Sewer
Water Source: Public
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: DSL-Cable Available; Smoke Detector(s); Washer/Dryer
Supplements
Looking for a High-Income producing property? Then this is it!! You get 2 - 8 Plex's for a total of 16 units. Each unit is 2 bedrooms and 1bathroom and each building is 6656 sq/ft for a total of 13312 sq/ft of living space. Each building has their own coin -op washer/dryer laundry area. there is also a 2-story utility building and an Atco unit that is full of parts, tools, a couple extra ovens that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Call today for a showing and to request the 2023 Income statements and 2023 rental rates. All units are rented. These generate a high cash flow. Seller will not owner finance
Listing Office: Alaska Life Realty
Last Updated: February - 25 - 2025
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.