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335 Fifth Avenue

Fairbanks, AK 99701
  • $299,900
  • STATUS: Active
  • MLS #: 146164
UPDATED: 66 min ago
$299,900
  • 4
    BEDS
  • 0.42
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,189
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940

School Information

Elementary School:
Joy
Middle School:
High School:

Description

Downtown Income Property - Charming, 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). 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. A two car detached garage is on the property. In addition, a buried utilidor exits from the main house for future water, heat, and sewer to a detached building or future expansion. 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. All units are currently rented for a total $3,200.00/mo. of rental income. Immediate cash flow without any repairs necessary! Zoning will require a conventional loan. Listing agent can provide Financials and Rent Roll to qualified buyers or agents upon request. Property Sold As-Is

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IDX information © 2021 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 Powered By Lymburner Realty.
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335 Fifth Avenue Fairbanks, AK 99701

  • Price: $299,900
  • Status: Active
  • Updated: 66 min ago
  • MLS #: 146164
4
Beds
3
Baths
0
½ Baths
0.42
Acres
2,189
SQFT
$137
$/SQFT
1940
Built
Neighborhood:
Fairbanks Townsite
Area:
North Fairbanks
Elementary School:
Joy
Middle School:
Ryan
High School:
Lathrop
Property Description
Downtown Income Property - Charming, 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). 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. A two car detached garage is on the property. In addition, a buried utilidor exits from the main house for future water, heat, and sewer to a detached building or future expansion. 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. All units are currently rented for a total $3,200.00/mo. of rental income. Immediate cash flow without any repairs necessary! Zoning will require a conventional loan. Listing agent can provide Financials and Rent Roll to qualified buyers or agents upon request. Property Sold As-Is
Exterior Features

Apx Garage Sq Ft 700 Construction Other/See Remarks Exterior Features Cable TvHigh Speed InternetLawnRV ParkingSolar PanelsTelephone Service Exterior Finish Cedar Foundation Insulated Concrete Garage Capacity Per Unit 2 Garage Type Detached/Un Parking Spaces 8 Road Access GravelPaved Roof Metal Windows Single PaneTriple PaneVinylWood

Interior Features

Appliances Range/OvenMicrowaveDishwasherSmoke DetectorRefrigeratorWasherDryerBlindsCook TopCurtain RodsDrapes Basement Crawl SpaceFull SizeUnfinished Bedrooms Per Unit Other/See Remarks Configuration Up And Down Heating Hot Water Baseboard Interior Features Air ConditioningConcrete FloorsHardwood FloorsLaminate FloorsPassive Air ExchangeSmoke DetectorsWalk In Closets Laundry Main Level Other Rooms Arctic EntryDen/Study/OfficeLoftMaster SuiteMud Room

Property Features

Age 20 + Yrs. Apod YN No Assessments YN Unknown CCRs YN Unknown Fire Service Public For Sale Or Rent For Sale Fuel Source OilSolar Hoa Dues Monthly N/A Lot 1&2 Multifamily Type Triplex Possession Recording Reo YN No Road Service Public Sewer Public Short Sale YN No Taxes 1983.66 Terms 1st Deed Trust/Owner Fin Units Efficiency 1 Unit Ground Floor Units Four Bedroom None Units One Bedroom 1 Unit Ground Floor Units Three Bedroom None Units Two Bedroom 1-Second & Third Floor Water Public Zoning General Commercial District Zoning Overlay N/A

Listing provided courtesy of Marjorie Merry of Pruhs Real Estate Group.
IDX information © 2021 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 Powered By Lymburner Realty.
 
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