See Home Value
$324,385*
Multifamily - Off Market

335 FIFTH AVENUE

Fairbanks, AK 99701
bedrooms
Studio
bathrooms
0 Bath
square feet
2189 Sqft
$270,000 - $328,000
Reference Base Price*
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Downtown Income Property - Charming, Completely refurbished Tri-plex zoned General Commercial with excellent retail street exposure and plenty of parking!  Currently utilized as residential rental units, this building could easily be returned to a single family home, or a business in either of the two downstairs units.  The owner has completed all the upgrades to the structure, including: insulated concrete foundation, custom engineered standing seam metal roofing, furred out insulated cedar siding, plumbing, heating and electrical upgrades.  The owner replaced the majority of windows with a mix of double and triple pane vinyl windows, but left a few of the original single pane windows to keep with the character of the building (front entryway, 3rd Floor).  On the 5th Avenue side is a furnished studio apartment with a large arctic entry and architectural details from the 40s.  The unit has a large kitchen and a recessed sleeping nook with laminate flooring and private bath.  The shared interior corridor has a washer and 2 dryers for tenants use, and also provides access to the unfinished large basement, which provides ample storage.  A second ground floor unit also has an arctic entry, 1 bedroom, separate kitchen and small office/den area.  Upstairs is the 3rd unit with a large bedroom, kitchen and living room on the second floor, and a private 3rd floor loft with original wood flooring and built-in storage.  The owner has installed solar thermal panels on the roof, which heat water for the building from March through October, greatly reducing the energy costs.  A two car detached garage is on the property. In addition, a buried utilidor exits from the main house for future water, heat, and sewer to a detached building or future expansion.  There is ample parking on site, with room for up to 10 vehicles in the main lot and alongside the main building.  The furnishings in the studio apartment and washer and dryers convey with sale.  All units are currently rented for a total $3,200.00/mo. of rental income. Immediate cash flow without any repairs necessary!  Zoning will require a conventional loan. Listing agent can provide Financials and Rent Roll to qualified buyers or agents upon request. Property Sold As-Is

The manager has listed the unit size as 2189 square feet.
Unit Size
2,189Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$137
Property Type
Multifamily
Property Taxes
$165
HOA Dues
-
Year Built
1940

Price History

Date / Event Date Event Price
Jan 1, 2022 No longer available -
No longer available
Jul 7, 2021 Relisted $299,900
Relisted
Jun 3, 2021 No longer available -
No longer available
Feb 13, 2021 Listed $299,900
Listed

Property Highlights

Garage
With View


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210213
02/13/2021
Studio
-
2189 ft²
$299,900
bedrooms
Studio
bathrooms
-
square feet
2189 ft²
-
-
-
MARJORIE MERRY
PRUHS REAL ESTATE GROUP

Building Info

335 5th Avenue 335 5th Avenue, Fairbanks, AK 99701
More about this Building
335 5th Avenue
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