Multi-Family $ 2,950,000

NHN 19th Avenue

Fairbanks, AK 99701

  • 24 Beds
  • 24 Baths
    Full Baths: 24
  • 10,300 SqFt
  • 0.61 Lot Size
  • - Year Built
PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of theboroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartmentdevelopment. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, thisproject offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters,and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, theproperty is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seekingconvenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helpssupport year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenitiesinclude modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters whilesupporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced.This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development totheir investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange,develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today'smarket. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaskamultifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rentsare projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept andpotential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.
Listed by Powered By Lymburner Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 10, 300 sqft

    Price per Sqft $286

    Subdivision Bjerremark

    MLS Listing ID 26-8086

    Bedrooms 24

    Full Baths 24

    Construction Status New - To Be Built

    Lot Size 0.612 Acres

    Acres 0.61

    Source Alaska Multiple Listing Service

  • Location

    State AK

    Community Bjerremark

    Area 720 - Southeast Fairbanks

    Zoning MF - Multiple Family Residential

    Direction Airport Way to Gillam Way. Righton19th Ave, lots on left.

  • Building

    Foundation Poured Concrete

    Lot Size Range 0.61

    Sewer Public Sewer

    Water Public

    New Construction No

    Construction Status New - To Be Built

  • Interior

    Heating Natural Gas, Oil, Radiant Floor

    Flooring Luxury Vinyl

  • Exterior

    Parking Features None

    Waterfront Description None

    Water Access Desc Public

    Roof Type Shingle

  • Schools

    Elementary Schools Hunter

    Middle Schools Ryan

    High Schools Lathrop

  • Others

    Tax ID 54259

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Jerry Lymburner
Jerry Lymburner

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