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335 5th Avenue

Fairbanks AK 99701

3
2189 sq. ft.
18395 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Downtown Income Property - Lovely, Completely refurbished Tri-plex zoned General Commercial with excellent retail street exposure and plenty of parking! Currently utilized as residential rental units, this building could easily be returned to a single family home, or a business in either of the two downstairs units. The owner has completed all the upgrades to the structure, including: insulated concrete foundation, custom engineered standing seam metal roofing, furred out insulated cedar siding, plumbing, heating and electrical upgrades. The owner replaced the majority of windows with a mix of double and triple pane vinyl windows, but left a few of the original single pane windows to keep with the character of the building (front entryway, 3rd Floor Loft area). On the 5th Avenue side is a furnished studio apartment with a large arctic entry and architectural details from the 40s. The unit has a large kitchen and a recessed sleeping nook with laminate flooring and private bath. The shared interior corridor has a washer and 2 dryers for tenants use, and also provides access to the unfinished large basement, which provides ample storage. A second ground floor unit also has an arctic entry, 1 bedroom, separate kitchen and small office/den area. Upstairs is the 3rd unit with a large bedroom, kitchen and living room on the second floor, and a private 3rd floor loft with original wood flooring and built-in storage. The owner has installed solar thermal panels on the roof, which heat water for the building from March through October, greatly reducing the energy costs. There is a detached garage on the property, and the owner has installed a buried utilidor from the main structure to the garage, but does not run heat to the structure at this time. There is ample parking on site, with room for up to 10 vehicles in the main lot and alongside the main building. The furnishings in the studio apartment and washer and dryers convey with sale. The two main floor units are currently rented, but the larger upper unit is vacant as of 2/14/2021 with prospective tenants for lease up as of March 1st at a minimum of $1, 200.00/ mo. Additional photos of Studio and Larger Unit to be provided shortly. Immediate cash flow without any repairs necessary!

Features

3 bathrooms
2189 sq. ft. floor area
18395 sq. ft. lot size
Multi-Family

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