Skip To Content

720 18TH AVENUE

Fairbanks, AK 99701
  • $475,000
  • STATUS: Active
  • MLS #: 156730
UPDATED: 11 min ago
$475,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,360
    SQFT
  • $201
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946

School Information

Elementary School:
Middle School:
High School:

Description

Income producing 4 plex next to the hospital with a 9.75% CAP and 14% COC in 2024. Last 6 months average rents from 2024 with 3 long term rentals and one BNB $7170/month. Two of three units complete remodel including new siding, stairs, new windows to meet egress, new eves over entry, new lower roof, new appliances in 2 of 4 units, & one unit is furnished. Natural gas and all city utilities, gutters, regraded driveway, keyless entry throughout, and landlord thermostats to control heat bills. Newer gas boiler, separate electric meters with electric water heaters, one of which is brand new. With an offer acceptable to seller, furnished unit items to stay. Future BNB bookings in unit 4 to convey. Owners are Real estate licensees in the state of Alaska.

Monthly Payment Calculator

IDX information © 2025 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or RE/MAX Associates of Fairbanks.
www.homesforsalefairbanksak.com/homes/159586485
Print Image

720 18TH AVENUE Fairbanks, AK 99701

  • Price: $475,000
  • Status: Active
  • On Site: Days
  • Updated: 11 min ago
  • MLS #: 156730
6
Beds
4
Baths
0
½ Baths
0.08
Acres
2,360
SQFT
$201
$/SQFT
1946
Built
Neighborhood:
Rickert Homestead
Area:
South East Fairbanks
Elementary School:
Hunter
Middle School:
Ryan
High School:
Lathrop
Property Description
Income producing 4 plex next to the hospital with a 9.75% CAP and 14% COC in 2024. Last 6 months average rents from 2024 with 3 long term rentals and one BNB $7170/month. Two of three units complete remodel including new siding, stairs, new windows to meet egress, new eves over entry, new lower roof, new appliances in 2 of 4 units, & one unit is furnished. Natural gas and all city utilities, gutters, regraded driveway, keyless entry throughout, and landlord thermostats to control heat bills. Newer gas boiler, separate electric meters with electric water heaters, one of which is brand new. With an offer acceptable to seller, furnished unit items to stay. Future BNB bookings in unit 4 to convey. Owners are Real estate licensees in the state of Alaska.
Exterior Features

Construction 2x4 Exterior Features Cable TVHigh Speed InternetTelephone Service Exterior Finish Vinyl Foundation Concrete Block Garage Capacity Per Unit 0 Garage Type None Parking Spaces 6 Road Access MaintainedPaved Roof Shingle Windows Double PaneTriple PaneVinyl

Interior Features

Appliances Range/OvenMicrowaveSmoke DetectorRefrigerator Basement DaylightFinished Bedrooms Per Unit Combo Configuration Other/See Remarks Heating Hot Water Baseboard Interior Features Concrete FloorsLaminate FloorsSmoke DetectorsLuxury Vinyl Planking Laundry None Other Rooms Arctic Entry

Property Features

Age 20 + yrs. Assessments YN Unknown Fire Service Public For Sale Or Rent For Sale Fuel Source Natural Gas Hoa Dues Monthly N/A Lot 5B Multifamily Type FOUR PLEX Possession Recorded Reo YN No Road Service Public Short Sale YN No Taxes 2291 Terms Cash/Refinance Units Efficiency 0 Units Four Bedroom 0 Units One Bedroom 1 Units Three Bedroom 0 Units Two Bedroom 3 Water Public Zoning Multiple-Family Residential Dist Zoning Overlay UNK

Listing provided by POWERED BY LYMBURNER REALTY: 907-802-2400.
IDX information © 2025 Greater Fairbanks Board of Realtors Multiple Listing Service.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS or RE/MAX Associates of Fairbanks.
 
https://bt-photos.global.ssl.fastly.net/fairbanks/1280_boomver_1_156730-2.jpg https://bt-photos.global.ssl.fastly.net/fairbanks/1280_boomver_1_156730-2.jpg https://bt-photos.global.ssl.fastly.net/fairbanks/1280_boomver_1_156730-2.jpg
Logo
RE/MAX Associates of Fairbanks
105 Adak Avenue
Fairbanks AK, 99701