515 Farewell Avenue, Fairbanks, AK 99701 | HotPads
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$294,900

$299.9K
6 beds
6 baths
3,200 sqft

515 Farewell Avenue
Fairbanks, AK 99701

Duplex

Highlights
  • Updated 2 days ago
  • Oil Heating
Description
Investors! Here is a rare opportunity to pick up a 6-plex near the back gate of Ft. Wainwright. Owners report a low vacancy rate and each unit rents out from $700 to $900 a month with tenants paying their own electric in 4 out of the 6 units. A non-disclosure agreement is required to release financial data and the CAP rate is estimated to be in excess of 9%. If you are looking for an income producing property in a great location, here it is! New furnace 2014 and new water heater 2018. Exterior grading and parking rails with plug ins for vehicles in 2016.
Amenities
Property amenities
  • Flooring: Laminate
  • Heating system: Forced air
  • Heating: Oil
  • MLS Listing ID: 17-15793
  • Year Built: 1963
    Pricing comparison
    $5,898
    At $294,900, this home is priced $5,898 cheaper than the current market rate for a 6 bedroom home in Fairbanks.
    Other 6 bedroom homes...
  • in Fairbanks go for $300,798
  • in Fairbanks North Star County go for $294,900
  • in 99701 go for $286,311
  • Nearby schools
    6
    4
    6
    Students who live in this sale at 515 Farewell Avenue attend the following Fairbanks North Star Borough School District (Unified School District) public schools:
    AllPrimaryMiddleHigh
    4
    out of 10
    Nordale Elementary School
    Public
    Grades PK - 6
    0.6 miles
    6
    out of 10
    Tanana Middle School
    Public
    Grades 7 - 8
    0.2 miles
    6
    out of 10
    Lathrop High School
    Public
    Grades 9 - 12
    1.9 miles
    Showing 3 of 3 schools.
    Disclaimer: Historically, GreatSchools ratings have been based solely on a comparison of standardized test results for all schools in a given state. As of September 2017, the GreatSchools ratings also incorporate additional information, when available, such as college readiness, academic progress, advanced courses, equity, discipline and attendance data. GreatSchools ratings are designed to be a starting point to help parents compare schools, and they should not be the only factor used in selecting the right school for your family. Learn more.
    Listing provided by MLS.
    Listing agent Madden - Walden Real Estate 907-452-3000.
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