515 Farewell Avenue

    Fairbanks, AK 99701
    • $299,900
    • STATUS: Active Under Contract
    • MLS #: 135394
    Under Contract
    UPDATED: 43 min ago
    $299,900
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $94
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963

    School Information

    Elementary School:
    Middle School:
    High School:

    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!

    Monthly Payment Calculator

    IDX information © 2018 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Madden Real Estate with Keller Williams Realty Alaska Group.
    www.fairbanksakhomesearch.com/homes/76604800

    515 Farewell Avenue Fairbanks, AK 99701

    • Price: $299,900
    • Status: Active Under Contract
    • Updated: 43 min ago
    • MLS #: 135394
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,200
    SQFT
    $94
    $/SQFT
    1963
    Built
    Neighborhood:
    Hamilton Acres Middle East
    Area:
    East Fairbanks
    Elementary School:
    Nordale
    Middle School:
    Tanana
    High School:
    Lathrop
    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!
    Exterior Features

    Construction 2X4 Exterior Finish Aluminum Foundation Concrete Block Garage Capacity Per Unit 0 Garage Type None Parking Spaces 12 Roof FlatMembrane

    Interior Features

    Basement FinishedFull Size Bath Areas 6 Bedrooms Per Unit One Configuration Apartment Style Heating Forced Air Interior Features Laminate FloorsSmoke Detectors Laundry Coin-OpBasement

    Property Features

    Age 20 + Yrs. Assessments YN Unknown CCRs YN Yes Fire Service Public For Sale Or Rent For Sale Fuel Source Oil Hoa Dues Monthly N/A Multifamily Type Six Plex Possession Recording Reo YN No Road Service Public Sewer Public Short Sale YN No Taxes 3024.28 Terms Cash/Refinance Units Efficiency 1 Units Four Bedroom N/A Units One Bedroom 5 Units Three Bedroom N/A Units Two Bedroom N/A Water Public Zoning Single-Family Residential Distri Zoning Overlay N/A

    Listing provided courtesy of Wesley Madden of Madden Real Estate With Keller Williams Realty.
    IDX information © 2018 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Madden Real Estate with Keller Williams Realty Alaska Group.
     
    Madden Real Estate with Keller Williams Realty Alaska Group
    728 Gaffney Road, Suite 100
    Fairbanks AK, 99701