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Map
$324,385*
●
Multifamily -
Off Market
335 FIFTH AVENUE
Fairbanks, AK 99701
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/13/2021
|
|
Studio
|
-
|
2189 ft²
|
$299,900
Studio
-
2189 ft²
|
-
-
|
-
|
MARJORIE MERRY
PRUHS REAL ESTATE GROUP
|