100 10th Avenue, Fairbanks, AK 99701 | Listings

100 10th Avenue, Fairbanks, AK 99701

  • $5,750,000
  • 59,616 sq ft
  • Year Built: 1945
  • Multi-Unit
  • Listing #155018

Property Description

Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64 units spread across two well-maintained buildings, presenting an excellent chance for investors seeking stable returns and long-term growth. The complex offers a mix of unit sizes, including one-bedroom, and two-bedroom apartments, catering to a diverse tenant base. In addition to residential units, the property includes 60+ indoor storage units, providing an opportunity for supplementary income. Over the years, several upgrades have been made, including a new sewer line (2019), exterior insulation, new siding, and storm windows (2009), and interior renovations as needed, ensuring the property remains attractive and competitive. Each building features coin-operated laundry facilities, providing convenience for tenants and additional revenue streams for the owner. Conveniently situated off Steese Highway on 10th Avenue, the Dixon Apartments offer easy access to amenities, schools, and transportation routes. With a current 5% vacancy rate and well-maintained facilities, the Dixon Apartments present a compelling investment opportunity with significant upside potential. Efficient management and strategic marketing initiatives can further enhance rental income and maximize returns for investors. Don't miss out on this exceptional investment opportunity in Fairbanks. Whether you're a seasoned investor or exploring your first venture in real estate, the Dixon Apartments offer a solid foundation for long-term success. Contact me today to schedule a private viewing and take the first step toward building your investment portfolio.

Listing Details

Price$5,750,000
Year Built1945
Property TypeMulti-Unit
Listing #155018
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet59,616

Exterior Features

Lot Size2.30 acres

Courtesy of Melissa Richardson, NextHome Arctic Sun

This content last updated on 5/18/2024 1:20 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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