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186 Madcap Lane

Fairbanks, AK 99708
  • $799,900
  • STATUS: Active
  • MLS #: 154402
UPDATED: 53 min ago
$799,900
  • 32
    BEDS
  • 0.84
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 13,312
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964

School Information

Elementary School:
Middle School:
High School:

Description

Looking for a High Income producing property? Then this is it!! You get 2 - 8 Plex's for a total of 16 units. Each unit is 2 bedrooms and 1 bathroom and each building is 6656 sq/ft for a total of 13312 sq/ft of living space. Each building has their own coin -op washer/dryer laundry area. there is also a 2 story utility building and an Atco unit that is full of parts, tools, a couple extra ovens that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Contact me today for a showing and to request the 2023 Income statements and 2023 rental rates. All units are rented. These generate a high cash flow. Seller will not owner finance, Purchase needs to be cash or to purchase these with a loan you would need a high down payment due to the second building. Call me for more details.

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IDX information © 2024 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 The Schok Group | Somers Sotheby's International Realty.
www.fairbanksalaskahomesearch.com/homes/146547706
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186 Madcap Lane Fairbanks, AK 99708

  • Price: $799,900
  • Status: Active
  • On Site: Days
  • Updated: 53 min ago
  • MLS #: 154402
32
Beds
16
Baths
0
½ Baths
0.84
Acres
13,312
SQFT
$60
$/SQFT
1964
Built
Neighborhood:
Ballaine Lake
Area:
Rural Fairbanks
Elementary School:
Pearl Creek
Middle School:
Randy Smith
High School:
West Valley
Property Description
Looking for a High Income producing property? Then this is it!! You get 2 - 8 Plex's for a total of 16 units. Each unit is 2 bedrooms and 1 bathroom and each building is 6656 sq/ft for a total of 13312 sq/ft of living space. Each building has their own coin -op washer/dryer laundry area. there is also a 2 story utility building and an Atco unit that is full of parts, tools, a couple extra ovens that conveys with purchase. There was a new Boiler heating system installed in Building 192 last year in 2023. Contact me today for a showing and to request the 2023 Income statements and 2023 rental rates. All units are rented. These generate a high cash flow. Seller will not owner finance, Purchase needs to be cash or to purchase these with a loan you would need a high down payment due to the second building. Call me for more details.
Exterior Features

Construction 2x4 Exterior Features Cable TVHigh Speed InternetLawn Exterior Finish T1-11Lap Siding Foundation Poured Concrete Garage Capacity Per Unit 0 Garage Type None Parking Spaces 16 Roof Membrane Windows Double PaneVinylWood

Interior Features

Appliances Range/OvenSmoke DetectorRefrigeratorWasherDryerCook TopWall Oven Bedrooms Per Unit Two Configuration Up and Down Heating Hot Water Baseboard Laundry Coin-opMain Level

Property Features

Address2 192 Madcap Lane Age 20 + yrs. Assessments YN No Fire Service Public For Sale Or Rent For Sale Fuel Source Oil Hoa Dues Monthly 0 Lot 37 & 38 Multifamily Type EIGHT PLEX Possession Recording Reo YN No Road Service Public Sewer Public Short Sale YN No Taxes 15629 Terms Cash/Refinance Units Efficiency 0 Units Four Bedroom 0 Units One Bedroom 0 Units Three Bedroom 0 Units Two Bedroom 16 Water Public Zoning Multiple-Family Residential Dist Zoning Overlay N/A

Listing provided by ALASKA LIFE REALTY: 907-385-3004.
IDX information © 2024 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 The Schok Group | Somers Sotheby's International Realty.
 
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The Schok Group | Somers Sotheby's International Realty
711 Gaffney Rd. Ste 100
Fairbanks AK, 99701