Listed By NEXTHOME ARCTIC SUN, Melissa Richardson
100 10TH AVE Fairbanks, AK 99701
$5,750,000
—
Bedrooms
64
Total Baths
—
Full Baths
59,616
Square Feet
2.30
Acres
1945
Year Built
Active
Status
MLS#
155018
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.
Details for 100 10TH AVE
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office NEXTHOME ARCTIC SUN, 907-456-4653
MLS# 155018
Updated 11:56PM - 5/13/2024
Listing Agent Melissa Richardson, 907-388-2175
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater Fairbanks Board of REALTORS®. 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Fairbanks Board of REALTORS®. All Rights Reserved.
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