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Listed by Kirk Maynard • NEXTHOME ARCTIC SUN
$680,000
Est. payment /mo
6 Beds
6 Baths
3,400 SqFt
Active
301 ERCEG STREET Fairbanks, AK 99701
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Key Details
Property Type Single Family Home
Sub Type DUPLEX
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $200
Subdivision Ak
MLS Listing ID 160622
Bedrooms 6
Full Baths 6
Year Built 2006
Property Sub-Type DUPLEX
Property Description
The Adamina is a six-suite short-term rental property located just off the downtown Fairbanks area. Historically, five suites have operated as short-term rentals while the seller occupied the sixth suite as owner housing. A future owner could continue that arrangement, utilize the sixth suite for cleaner or manager housing, or convert it into an additional revenue-producing rental unit. Since opening on July 4, 2021, The Adamina has generated approximately $631,482 in documented payout revenue in less than five years of operation while maintaining competitive market pricing, strong guest reviews and consistent occupancy. Business Highlights • Six-suite property located just off the downtown Fairbanks area. • More than $631,000 in documented payout revenue generated since opening. • Strong operating history with consistent annual revenue exceeding $110,000 in recent years. • Historical performance achieved while only five of the six suites were utilized as short-term rentals. • Existing reservations secured into 2027. • Renovations and suite refresh projects have been completed on several units in recent years, with additional opportunities for future updates if desired. • Guest sauna program established as a unique winter-focused amenity that helps differentiate the property within the Fairbanks lodging market. • Consistently strong guest reviews across multiple booking platforms. • Competitive pricing relative to comparable accommodations throughout the Fairbanks North Star Borough. Market Position and Future Potential Booking.com market analytics indicate Fairbanks lodging demand increased approximately 13% during the most recent 365-day period compared to the prior year. During late 2025 and early 2026, booking availability settings were inadvertently impacted by channel-management software updates. Once identified and corrected, reservation activity returned rapidly to historical levels. This recovery occurred after several suite refresh projects were completed and the guest sauna program was introduced, suggesting continued strong demand for the property and its amenities. Historical revenue performance was achieved while maintaining competitive rates and without significant rate increases despite rising utility and operating costs throughout the local lodging industry. This has allowed the property to remain highly competitive while preserving flexibility for future ownership. The refreshed suites, established sauna program, strong guest reviews and existing reservation pipeline provide a solid foundation for continued operation as a short-term rental business. Property Offering The property is being offered at $680,000 unfurnished. Furniture, furnishings, operational equipment, future reservations and transition assistance may be availvable through separate negotiation or included in the purchase if acceptable to buyer, seller and lender. Depending on buyer interest, additional assets available for negotiation may include: • Suite furnishings and décor • Linens and guest inventory • Business-owned routers and networking equipment • Exterior security camera system • Sauna amenities currently utilized as part of the property's winter guest experience • Operational equipment and supplies • Existing future reservations secured at the time of sale • Transition assistance for establishing a new short-term rental operation While the business name itself is not included in the transaction, the seller is willing to assist a purchaser with transitioning operations, establishing a new short-term rental brand and maintaining continuity of existing reservations where practical. This is a rare opportunity to acquire an established Fairbanks short-term rental property with documented operating history, future reservations on the books, strong guest reviews and significant upside through expansion of the sixth suite or operational enhancements. 3.25% assumable VA loan. 2025 P&L statement now on file.
Location
State AK
Area North Fairbanks
Zoning Two-Family Residential District
Rooms
Basement Crawl Space
Main Level Bedrooms 2
Interior
Interior Features Jetted Tub, Hot Tub, Tile Floor, Smoke Detectors, HRV, Cat 5
Heating Radiant Floor, Fireplace
Laundry Upper Level, Main Level, Other/See Remarks
Exterior
Exterior Feature Fence, Shed, Cable TV, Lawn, Garden Area, Internet Available, Covered Deck/Patio, Telephone Service
Parking Features None
Roof Type Shingle
Total Parking Spaces 8
Building
Foundation Concrete Block
Water Public
Schools
Elementary Schools Anne Wien
Middle Schools Tanana
High Schools Lathrop
School District Tanana