515 Farewell Avenue, Fairbanks, AK 99701

$289,900
List Price
$289,900
Taxes
$3,024
Interior Features
Laminate Floors, Smoke Detectors
Style
Apartment Style
Garage Type
None
Year Built
1963
Heating
Forced Air
Elementary School
Nordale
Middle School
Tanana
High School
Lathrop
Construction
2x4
Foundation
Concrete Block
Water
Public
Sewer
Public

Property Description

Investors! Here is a rare opportunity to pick up a 6-plex near the back gate of Ft. Wainwright. Owners report a low vacancy rate and each unit rents out from $700 to $900 a month with tenants paying their own electric in 4 out of the 6 units. A non-disclosure agreement is required to release financial data and the CAP rate is estimated to be in excess of 9%. If you are looking for an income producing property in a great location, here it is! New furnace 2014 and new water heater 2018. Exterior grading and parking rails with plug ins for vehicles in 2016.

Additional Information

Status
ACTIVE
MLS#
139649
Lot Size(apprx.)
9,000
Property Type
Multifamily
Residential Style
Apartment Style
Year Built
1963

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of MADDEN REAL ESTATE WITH KELLER WILLIAMS REALTY.