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Amanda Moore

amanda@akrealestate.com +1(907) 302-6975

$ 8,750,000

Est. payment | -/mo

50 Beds

44 Baths

28,204 SqFt

Save

$ 8,750,000

Est. payment | -/mo

Save

50 Beds

44 Baths

28,204 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 28,204 sqft

Price per Sqft $310

MLS Listing ID 26-2211

Bedrooms 50

Full Baths 44

Construction Status Existing Structure

Year Built 1974

Annual Tax Amount $42,345

Lot Size 0.785 Acres

Acres 0.79

Source Alaska Multiple Listing Service

Property Description

Originally a 60-unit summer hotel, this property was rebuilt from the studs up and reconfigured into 44 modern units. Upgrades include new windows, 9 inches of exterior insulation, high-efficiency boilers, and radiant floor heat on all four levels. Heating costs average just $0.37 per sq ft annually $10,500/year. Elevator access makes all floors ADA compliant. Gross income $713,000 per year.

Location

State AK

Area 710 - North Fairbanks

Zoning GU1 - General Use

Direction Airport to South Cushman, Left on16th Ave, turn left onto Lacey Street, Apartments on the Right.

Exterior

Parking Features None

Building

Foundation Poured Concrete

Lot Size Range 0.79

Sewer Public Sewer

New Construction No

Construction Status Existing Structure

Schools

Elementary Schools Ann Wien

Middle Schools Tanana

High Schools Lathrop

Others

Tax ID 629729

Listed by Brasier Realty

Nearby Locations

1533 Lacey ST Fairbanks, AK 99701