Description
Introducing 210 Swan Drive - an exceptional investment opportunity in Fairbanks featuring a community of eight residential rental cabins with strong income potential. Located just off Chena Hot Springs Road, this property is only minutes from Fort Wainwright, Fairbanks shopping and dining, and less than 15 minutes from the University of Alaska Fairbanks or downtown. The property begins with the largest cabin at the front, which commands $1,350/month, followed by a cleared pad suitable for a potential ninth unit. Cabins 0 through 6 each rent between $925 and $1,250/month depending on size and updates, with some boasting newer roofs and more modern interiors while others maintain a classic Alaskan feel. All cabins are connected to shared well and septic systems, ***these are not dry cabins*** and the property is pet-friendly, a highly desirable feature for tenants. With full occupancy, this property meets the one percent rule, making it one of the rare multifamily opportunities that pencils out even in todays interest rate environment. Zoned for flexibility and eligible for commercial or DSCR loan products, 210 Swan Drive offers both stability and scalability for seasoned landlords or new investors alike. Set on a well-situated lot just north of town, this rental community is truly a cash-flowing asset. Opportunities like this are rare, schedule your showing today before its gone.
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10BEDS
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1.63ACRES
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8BATHS
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01/2 BATHS
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3,521SQFT
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$153$/SQFT
School Information
Description
Introducing 210 Swan Drive - an exceptional investment opportunity in Fairbanks featuring a community of eight residential rental cabins with strong income potential. Located just off Chena Hot Springs Road, this property is only minutes from Fort Wainwright, Fairbanks shopping and dining, and less than 15 minutes from the University of Alaska Fairbanks or downtown. The property begins with the largest cabin at the front, which commands $1,350/month, followed by a cleared pad suitable for a potential ninth unit. Cabins 0 through 6 each rent between $925 and $1,250/month depending on size and updates, with some boasting newer roofs and more modern interiors while others maintain a classic Alaskan feel. All cabins are connected to shared well and septic systems, ***these are not dry cabins*** and the property is pet-friendly, a highly desirable feature for tenants. With full occupancy, this property meets the one percent rule, making it one of the rare multifamily opportunities that pencils out even in todays interest rate environment. Zoned for flexibility and eligible for commercial or DSCR loan products, 210 Swan Drive offers both stability and scalability for seasoned landlords or new investors alike. Set on a well-situated lot just north of town, this rental community is truly a cash-flowing asset. Opportunities like this are rare, schedule your showing today before its gone.