Fairbanks, AK 99701,100 10th AVE
Fairbanks, AK 99701,100 10th AVE
Fairbanks, AK 99701,100 10th AVE
Fairbanks, AK 99701,100 10th AVE
Fairbanks, AK 99701,100 10th AVE
Fairbanks, AK 99701,100 10th AVE
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$5,750,000

$5,750,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

64 Beds

64 Baths

59,616 SqFt


SOLD DATE : 07/01/2024

Key Details

Sold Price $5,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 59,616 sqft

Price per Sqft $96

MLS Listing ID 24-4548

Sold Date 07/01/24

Bedrooms 64

Full Baths 64

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1945

Lot Size 2.304 Acres

Acres 2.0

Property Description

Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64units spread across two well-maintained buildings, presenting an excellent chance for investors seeking stable returns and long-term growth. The complex offers a mix of unit sizes, including one-bedroom, and two-bedroom apartments, catering to a diverse Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64 units spread across two well-maintained buildings, presenting an excellent chance for investors seeking stable returns and long-term growth. The complex offers a mix of unit sizes, including one-bedroom, and two-bedroom apartments, catering to a diverse tenant base. In addition to residential units, the property includes 60+ indoor storage units, providing an opportunity for supplementary income. Over the years, several upgrades have been made, including a new sewer line (2019), exterior insulation, new siding, and storm windows (2009), and interior renovations as needed, ensuring the property remains attractive and competitive. Each building features coin-operated laundry facilities, providing convenience for tenants and additional revenue streams for the owner. Conveniently situated off Steese Highway on 10th Avenue, the Dixon Apartments offer easy access to amenities, schools, and transportation routes. With a current 5% vacancy rate and well-maintained facilities, the Dixon Apartments present a compelling investment opportunity with significant upside potential. Efficient management and strategic marketing initiatives can further enhance rental income and maximize returns for investors. Don't miss out on this exceptional investment opportunity in Fairbanks. Whether you're a seasoned investor or exploring your first venture in real estate, the Dixon Apartments offer a solid foundation for long-term success. Call today to schedule a private viewing and take the first step toward building your investment portfolio.

Location

State AK

Area 710 - North Fairbanks

Zoning MF - Multiple Family

Direction Steese Highway to 10th Avenue, property on Right, next to the Regency Hotel

Interior

Heating Other

Exterior

Garage None

Roof Type Shingle

Building

Foundation Poured Concrete

Lot Size Range 2.0

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Ann Wien

Middle Schools Ryan

High Schools Lathrop

Others

Tax ID 0649034

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Alaska MLS
Listed by NextHome Arctic Sun
Bought with NextHome Arctic Sun

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Tim Chi

Agent | License ID: 209627

+1(907) 331-3104

3705 Arctic Blvd #1312 Anchorage, Anchorage

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