See Home Value
$432,361*
Multifamily - Off Market

609 FRONT STREET

Fairbanks, AK 99701
bedrooms
Studio
bathrooms
0 Bath
square feet
2740 Sqft
$266,000 - $324,000
Reference Base Price*
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Great opportunity for someone to develop this 1.55 acre site while collecting rents from the existing properties.  The duplex has a one bedroom unit upstairs that rents for $850/m and an efficiency unit downstairs that rents for $690.  The coin-op laundry for all tenants on this property is located on the bottom level of this duplex as well.  The small 1 bedroom house built in 2015 rents for $900/m.  And the older house, built in 1946, rents for $675.  All tenants pay electric and no other utilities.  The shipping containers are stored on the property for $110/m, which results in a total monthly income of $3225 for all units & storage.  There is also an older detached garage.  This property is on public utilities and it would work for a condo project or several multi-family units.  Known locally as "Fat City".  Selling as-is.

The manager has listed the unit size as 2740 square feet.
Unit Size
2,740Ft²
Days on Market
-
Land Size
1.55 acres
Price per sqft
$108
Property Type
Multifamily
Property Taxes
$7,648
HOA Dues
-
Year Built
1998

Price History

Date / Event Date Event Price
Sep 4, 2019 No longer available -
No longer available
Apr 19, 2019 Price Decreased $295,000
↓ $900 (0.3%)
Price Decreased
Apr 18, 2019 Price Increased $295,900
↑ $900 (0.3%)
Price Increased
Sep 13, 2018 Listed $295,000
Listed

Property Highlights

Garage


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
2,808 ft²
$117/ft²
$329,900 Apr 2, 2024
-
$557/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200227
02/27/2020
Studio
-
2740 ft²
$295,000
bedrooms
Studio
bathrooms
-
square feet
2740 ft²
-
-
-
-
20180913
09/13/2018
Studio
-
2740 ft²
-
bedrooms
Studio
bathrooms
-
square feet
2740 ft²
-
-
-
-

Building Info

609 Front Street 609 Front Street, Fairbanks, AK 99701
More about this Building
609 Front Street
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About Northeast City


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