192 Madcap Lane, & 186, Fairbanks, AK 99709 (MLS# 24-3329)
$799,900
Fairbanks, AK 99709
MLS# 24-3329
32 beds | 16 baths | 13312 sqft
1 / 30
Property Description
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
Details
Maps
Documents
Contract Info
Price-List: 799900
Date-Listing: 2024-01-10
Status: Active
Commission Type: %
Commission to SO: 2
Foreclosure/Bank Own: No
Location, Tax and Legal
Region: 3 - Interior & North Alaska Regions - All
Borough/Census Area: 3C - Fairbanks North Star Borough
Area: 740 - Rural Fairbanks
Street #: 192
Street Name: Madcap
Arterial: Lane
Street Addl Info: & 186
Closest USPS Town: Fairbanks
State: AK
Zip Code: 99709
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Taxes (Estimated): 15629
School-Elementary: Pearl Creek
School-Middle: Randy Smith
School-High: West Valley
Legal: Ballaine Lake L37-38
Property Info
Realtor.com Type: Multi-Family
Construction Status: Existing Structure
Beds: 32
Bathrooms Full: 16
Bathrooms Total: 16
Bldgs-Ttl #: 1
Year Built: 2
SF-Res: 13312
Number of Units: 16
SF-Lot: 74052
Acres: 1.7
Prkg Spcs: 16
Lot Area Source: Owner
Zoning: MF - Multiple Family Residential
Directions and Remarks
Directions: Farmers Loop to Madcap Lane, buildings will be straight ahead
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-Type: Public
Wtrfrnt-Frontage: None
Wtrfrnt-Access Near: None
Features-MultiFamily: DSL-Cable Available; Smoke Detector(s); Washer/Dryer
Supplements
that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Contact 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, Purchase needs to be cash or to purchase these with a loan you would need a high down payment due to the second building. Call for more details.
Rent Roll for 186 
Cap Rate 
Listing Office: Alaska Life Realty
Last Updated: April - 30 - 2024
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.