622 11th Avenue, Fairbanks, AK 99701 (MLS# 25-688)


$5,500,000
622 11th Avenue
Fairbanks, AK 99701
MLS# 25-688
62 beds  |  48 baths  |  8580 sqft

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622 11th Avenue, Fairbanks, AK 99701
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Property Description
This outstanding multi-unit property in the heart of Fairbanks presents a prime investment opportunity with strong cash flow potential. Featuring34 units across 4 well-maintained buildings, this property offers a desirable mix of 3-bedroom and 1-bedroom units that are always in high demand due to its unbeatable location.

Details
Maps
Contract Info
Price-List: 5500000
Date-Listing: 2025-01-22
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 710 - North Fairbanks
Street #: 622
Street Name: 11th
Arterial: Avenue
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99701
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 62
Bathrooms Full: 48
Bathrooms Total: 48
Bldgs-Ttl #: 4
Year Built: 1972
SF-Res: 8580
Number of Units: 34
SF-Lot: 30365
Acres: 0.7
Prkg Spcs: 32
Lot Area Source: Tax Authority
Zoning: GC - General Commercial
Directions and Remarks
Directions: Cushman Street, Turn Left on Tenth Ave,Property on the left, across from police station.
Property Features
Multi-Family Type: Other - See Remarks
Exterior Finish: Other - See Remarks
Roof Type: Membrane; Other
Foundation Type: Other
Construction Type: Wood Frame - 2x4
Garage Type: Other-See Remarks
Heating: Baseboard; See Remarks
Sewer-Type: Public Sewer
Water Source: Public
Access Type: Maintained
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Flooring: Laminate
Supplements
This property offers a rare chance to secure a fully operational investment with minimal effort required. With nearly all units updated and a history of low vacancy, it's the perfect fit for an investor seeking a reliable and profitable asset in Fairbanks' thriving rental market. Units listed: 622 & 632 11th Ave, 635 & 639 10th Ave

Listing Office: Walden Home Group

Last Updated: January - 23 - 2025

622 11th Avenue, Fairbanks, AK 99701 - MLS# 25-688

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.

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