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135 Charles Street

Fairbanks, AK 99701
  • $385,000
  • STATUS: Active
  • MLS #: 155105
UPDATED: 52 min ago
$385,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,512
    SQFT
  • $153
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973

School Information

Elementary School:
Joy
Middle School:
High School:

Description

Exceptional Investment Opportunity in Fairbanks: Discover the potential in this multi-family property situated just five minutes from downtown Fairbanks. This well-maintained building features three income-generating units, making it an ideal choice for investors seeking steady returns or for owner-occupiers looking for a smart residential solution. Property Highlights: Three Versatile Units: The property includes three one-bedroom units, with the ground floor unit boasting an additional office space"perfect for work-from-home arrangements. Recent Renovations: Two units have undergone extensive remodeling, enhancing both their appeal and functionality. The property also benefits from several energy efficiency improvements, ensuring lower utility costs and increased comfort. Convenient Features: Residents enjoy communal laundry facilities and private storage units, adding to the convenience and desirability of the property. Attractive Rent Structure: Apartment 1: $1,100/month Apartment 2: $1,100/month Apartment 3 (with office): $1,500/month The upstairs units are available on a month-to-month basis, offering flexibility for new management strategies, while the downstairs unit has a stable lease in place until March 31, 2025. This property not only offers an excellent location and significant rental income but also presents a fantastic opportunity for both passive income generation and personal use. With its mix of current earnings and potential for future growth, this Fairbanks gem is ready to become the cornerstone of your investment portfolio.

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IDX information © 2024 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Summit Realty Group.
www.fairbanksalaskahome.com/homes/150365518
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135 Charles Street Fairbanks, AK 99701

  • Price: $385,000
  • Status: Active
  • On Site: Days
  • Updated: 52 min ago
  • MLS #: 155105
3
Beds
3
Baths
0
½ Baths
0.11
Acres
2,512
SQFT
$153
$/SQFT
1973
Built
Neighborhood:
Charles Slater
Area:
North Fairbanks
Elementary School:
Joy
Middle School:
Tanana
High School:
Lathrop
Property Description
Exceptional Investment Opportunity in Fairbanks: Discover the potential in this multi-family property situated just five minutes from downtown Fairbanks. This well-maintained building features three income-generating units, making it an ideal choice for investors seeking steady returns or for owner-occupiers looking for a smart residential solution. Property Highlights: Three Versatile Units: The property includes three one-bedroom units, with the ground floor unit boasting an additional office space"perfect for work-from-home arrangements. Recent Renovations: Two units have undergone extensive remodeling, enhancing both their appeal and functionality. The property also benefits from several energy efficiency improvements, ensuring lower utility costs and increased comfort. Convenient Features: Residents enjoy communal laundry facilities and private storage units, adding to the convenience and desirability of the property. Attractive Rent Structure: Apartment 1: $1,100/month Apartment 2: $1,100/month Apartment 3 (with office): $1,500/month The upstairs units are available on a month-to-month basis, offering flexibility for new management strategies, while the downstairs unit has a stable lease in place until March 31, 2025. This property not only offers an excellent location and significant rental income but also presents a fantastic opportunity for both passive income generation and personal use. With its mix of current earnings and potential for future growth, this Fairbanks gem is ready to become the cornerstone of your investment portfolio.
Exterior Features

Apx Garage Sq Ft 0 Construction Furred Out Exterior Features Cable TVFenceShed Exterior Finish VinylLap Siding Foundation Concrete Block Garage Capacity Per Unit 0 Garage Type None Parking Spaces 4 Road Access MaintainedPaved Roof Shingle Windows Triple PaneVinyl

Interior Features

Appliances Refrigerator Bedrooms Per Unit One Configuration Side by Side Heating Hot Water Baseboard Interior Features Cat 5Laminate Floors Laundry Coin-opBasement

Property Features

Age 20 + yrs. Assessments YN Unknown Fire Service Public For Sale Or Rent For Sale Fuel Source Oil Hoa Dues Monthly n/a Lot Lot 8 Multifamily Type DUPLEX Possession Recording Reo YN No Road Service Public Sewer Public Short Sale YN No Taxes $4070.66 Terms Cash/Refinance Units Efficiency 0 Units Four Bedroom 0 Units One Bedroom 3 Units Three Bedroom 0 Units Two Bedroom 0 Water Public Zoning Light Industrial District Zoning Overlay n/a

Listing provided by SUMMIT REALTY GROUP: 907-374-3208.
IDX information © 2024 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or Summit Realty Group.
 
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Summit Realty Group
411 4th Avenue
Fairbanks AK, 99701