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Listed by Ray Brasier • BRASIER REALTY
$8,750,000
Est. payment /mo
44 Baths
28,204 SqFt
Active
1533 LACEY STREET Fairbanks, AK 99701-0000
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Key Details
Property Type Multi-Family
Sub Type OTHER/SEE REMARKS
Listing Status Active
Purchase Type For Sale
Square Footage 28,204 sqft
Price per Sqft $310
Subdivision Ak
MLS Listing ID 159243
Construction Status Furred Out
Year Built 1974
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type OTHER/SEE REMARKS
Property Description
As close to a new multifamily build as you can get in Fairbanks today! This fully remodeled apartment building, originally constructed as a 60 unit hotel and thoughtfully converted into 44 modern residential units. The Building was remote- walled insulated adding 9 inches to the exterior making the walls 15" thick, making it extremely efficient, only using approximately $10,000 a year in natural gas. Every unit has been updated to meet contemporary standards, creating an efficient, attractive living environment that supports strong tenant demand and long-term stability. Ideally located close to downtown, with convenient access to shopping centers, parks, and schools, the property benefits from a prime, centralized setting that appeals to a wide range of renters. The layout and scale provide excellent operational efficiency while maintaining flexibility for future value-add strategies. With approximately $713,000 in annual income, this property stands out as a solid, income-producing investment well-suited for both seasoned investors and those looking to expand their multifamily portfolio. A turnkey opportunity combining location, scale, and proven cash flow
Location
State AK
Area North Fairbanks
Zoning General Commercial District
Interior
Heating Radiant Floor
Exterior
Exterior Feature Fence, Handicap Access, High Speed Internet
Parking Features None
Roof Type Membrane
Total Parking Spaces 40
Building
Foundation Poured Concrete
Water Public
Construction Status Furred Out
Schools
Elementary Schools Ann Wien
Middle Schools Tanana
High Schools Lathrop