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609 Front Street Fairbanks, AK 99701

  • 4 No. of Units
  • 2,740 sqft
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MultiFamily-Active $ 309,900

MLS#: 18-15974

Courtesy of: Meyeres Real Estate

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Description

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".

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