$5,750,000
Pending
16 Days Online
64 Beds64 Baths59,616 SQFT
Pending

100 10th Avenue Fairbanks, AK 99701

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Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64units 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 diverseWelcome 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. Call today to schedule a private viewing and take the first step toward building your investment portfolio.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyN/A
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site16 Days
  • MLS StatusPending
  • MLS ID Number24-4548
  • Home Size Source Owner
  • Year Built1945
  • Lot Size2.3 Acres
  • Full Baths64
  • Partial BathsN/A

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General Features

  • Construction Vinyl SidingOther
  • Parking No CarportNo Garage
  • Parking Spaces 64
  • Sewer Public Sewer
  • Acreage 2.3
  • Water Public
  • Zoning MF
  • Security Carbon Monoxide Detector(s)Smoke Detector(s)
  • Property Sub Type Multi Family
  • Garage Spaces 0
  • Attached Garage No
  • Foundation Concrete Perimeter

Interior Features

  • Interior Storage
  • Laundry Features Common Area

Exterior Features

  • Roof Shingle
  • Waterfront Property No
  • Waterfront Features No AccessNone
  • Exterior Inground Sprnklr Sys

Community Features

  • MLS Area 3C - Fairbanks North Star Borough
  • Security Features Carbon Monoxide Detector(s)Smoke Detector(s)

Schools

School District
Unknown
Elementary School
Ann Wien
Middle School
Ryan
High School
Lathrop

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Monthly Payment (Est.)

$30,882
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