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515 Farewell Avenue, Fairbanks, Alaska

$284,900 REDUCED 2%
  • $284,900
  • 6
  • 3,200
  • .21
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Investors! Here is a rare opportunity to pick up a 6-plex near the back gate of Ft. Wainwright. Owners report a low vacancy rate and each unit rents out from $700 to $900 a month with tenants paying their own electric in 4 out of the 6 units. A non-disclosure agreement is required to release financial data and the CAP rate is estimated to be in excess of 9%.If you are looking for an income producing property in a great location, here it is! New furnace 2014 and new water heater 2018. Exterior grading and parking rails with plug ins for vehicles in 2016.

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Essential Information

  • MLS® # 19-1874
  • Price $284,900
  • Bathrooms 6.00
  • Square Footage 3,200
  • Acres 0.21
  • Year Built 1963
  • Type Multi-Family
  • Sub-Type Other - See Remarks
  • Status Active

Community Information

Amenities

  • Garages None
  • Waterfront None

Interior

  • Heating Forced Air

Exterior

  • Roof Other-See Remarks
  • Construction Wood Frame - 2x4
  • Foundation Concrete Block

School Information

Additional Information

  • Date Listed February 12th, 2019
  • Days on Market 190
  • Zoning SF10 - Single Family Residential

Listing Details

  • Listing Office: Madden Real Estate Fairbanks Keller Williams

Financials

  • $/SqFt $89

Price & Status History

Date Details
Status Changed from Expired to Active
Status Changed from Active to Expired
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Neighborhood Information

Close to Military Facility(ies), High Residential Turnover

  • Icon of money $139,900

    Median Price

  • Icon of a grid layout $95

    Median Price/Sqft

  • Icon of a bar graph 97.94%

    Sale/List Ratio

  • Icon of a house 59

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 43/100

    Walk Score®Car-Dependent

  • Icon of a raincloud 11.71″

    Annual Precipitation

  • Icon of a sun 2.30°F /73.40°F

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon -12.50°F /50.10°F

    Avg. Lows -
    Jan/July

  • Icon of a group of people 18,614

    PopulationBased on Nearest ZIP Code

  • Icon of a person 30

    Median Age

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Listing information last updated on August 21st, 2019 at 6:49pm AKDT.