1010 Cushman Street, & 1002, Fairbanks, AK 99701 (MLS# 21-16839)

1010 Cushman Street, & 1002, Fairbanks, AK 99701

$2,400,000

Property Type: Multi-Family Bedrooms: 24 Baths: 28 Square Footage: 11,583 Lot Size (sq. ft.): 13,315 Status: Closed

Current Price: $2,400,000 Last Modified: 9/27/2024

Description

Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartmentcomplex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroomowners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currentl

Supplements: Calling all investors!!! With almost zero vacancies in the rental market right now, Here is your chance to own a fully rented 24 unit apartment complex with an additional 1400 sq ft retail space! This centerally located complex has 22 fully furnished studio apartments, a one bedroom owners unit, a maintenance staff studio unit, and 2 office units with a secured entry. The 4 bottom units are currently ran as nightly or extended stay. There is on-site coin-op laundry facility that houses 4 washer & dryer units along with extra storage space for maintenance etc. The retail space was the Fairbanks iconic Connie's boutique which is still set up to be a retail shop or could even make a great coffee shop/small cafe, With CBD Zoning, the options are endless. Studios rent between $1195-1295 a month. Located in the heart of downtown Fairbanks, you don't want this great investment property getting away! Being Sold AS-IS, WHERE IS

More Information MLS# 21-16839

Contract Info

Foreclosure/Bank Own: No Price-List: 2400000 Date-Listing: 2021-11-04 Status: Closed

Location, Tax and Legal

Region: 3 - Interior & North Alaska Regions - All Borough/Census Area: 3C - Fairbanks North Star Borough Grid # (Muni Anch): N/A Tax Map #-Mat-Su: N/A Legal: L1 L2B & L8 B116 Fairbanks Townsite School-Elementary: Joy School-Middle: Ryan School-High: Lathrop

Property Info

Realtor.com Type: Multi-Family Construction Status: Existing Structure Bathrooms Half: 0 Bathrooms Three Quarter: 0 Bathrooms Full: 28 Bathrooms Total: 28 Bldgs-Ttl #: 2 Acres: 0.31 SF-Lot: 13315 Lot Area Source: Tax Authority Zoning: CBD - Central Business District Garage Spaces: 0 Carport Spaces: 0 Prkg Spcs: 19 Beds: 24 Year Built: 1962 SF-Res: 11583 Number of Units: 24

Directions and Remarks

Directions: Airport Way To Cushman St. Red & White Brick Buildings On The Left Side Across The street From FPD

Multi-Family Type

Apartment Style: 1 Other - See Remarks: 1

Building Info

Units- # of Effcncy: 23 Units-# of 1 BR: 1 Vacancy Rate: 0

Listing Terms Financing

Cash: 1 Conventional: 1 Owner Finance: 1

Heating

Oil: 1 Other: 1 See Remarks: 1

Construction Type

Concrete: 1

Foundation Type

Poured Concrete: 1

Wtrfrnt-Access Near

None: 1

Garage Type

None: 1

Wtrfrnt-Frontage

None: 1

Carport Type

None: 1

Sewer-Type

Public Sewer: 1

Mortgage Info

EM Minimum Deposit: 2

Features-MultiFamily

Covenants: 1 CO Detector(s): 1 In City Limits: 1 Laundry Facility: 1 Owner Occupied: 1 Smoke Detector(s): 1

Sold Info

Date-Pending: 2022-01-27 Date-Closing: 2022-06-24

Location Tax and Legal

Area: 710 - North Fairbanks Street #: 1010 Street Name: Cushman Arterial: Street Street Addl Info: & 1002 Closest USPS Town: Fairbanks State: AK Zip Code: 99701

Property Features

Multi-Family Type: Apartment Style; Other - See Remarks Foundation Type: Poured Concrete Construction Type: Concrete Garage Type: None Carport Type: None Heating: Oil; Other; See Remarks Sewer-Type: Public Sewer Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None Features-MultiFamily: Covenants; CO Detector(s); In City Limits; Laundry Facility; Owner Occupied; Smoke Detector(s) Listing Terms Financing: Cash; Conventional; Owner Finance

Documents

Listing Package ›

Historic Borough Docs ›

Covid Packet ›

Utilities For 1002 ›

Utilities For 1010 ›

Listing Office: NextHome Arctic Sun

IDX

Last Updated: September - 27 - 2024

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.