L12 B51 19th Avenue,Fairbanks, AK 99701
Fairbanks, AK 99701
Description
PROPOSED 12-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of theboroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 12-unit apartmentdevelopment. Positioned on three city lots in central Fairbanks, this proposed apartment complex presents a rare opportunity to develop a modern rental community in one of Fairbanks' strongest multifamily markets. Designed to meet the continued demand for quality housing, thisproject offers investors the ability to partner with an established Alaska builder to create a long-term income-producing asset. Location matters,and this project delivers. Situated near Fairbanks Memorial Hospital, Fort Wainwright, schools, parks, shopping, and downtown Fairbanks, theproperty is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seekingconvenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helpssupport year-round rental demand and long-term investment potential. The proposed three-story apartment building features twelve spacious 2-bedroom, 1 & 2 bath units ranging from approximately 712 SF on the first floor to 838 SF on the second and third floors. Planned amenitiesinclude modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters whilesupporting tenant retention and occupancy performance. Unlike a traditional new construction offering, construction has not yet commenced.This creates a unique opportunity for investors and developers to customize the project, modify specifications, and tailor the development totheir investment strategy before construction begins. Whether your objective is to expand a multifamily portfolio, complete a 1031 exchange,develop workforce housing, or create a new apartment community in Fairbanks, this project offers a level of flexibility rarely found in today'smarket. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaskamultifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rentsare projected at $288k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept andpotential. The proposed apartment design may also be adapted to another suitable development site based on a buyer's goals, location preferences, and project requirements. Larger projects are available, inquire for details. See Fairbanks North Star Borough for Tax exemption details.
Details
| MLS # | 26-8086 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2027 |
| Days On Site | 54 |
| Listing Provided By | Powered By Lymburner Realty | Jerry Lymburner |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 24 Total |
| SQ Feet | 10,300 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | MF - Multiple Family Residential |
| Acreage | 0.61 |
Interior
| Heating | Radiant Floor, Natural Gas, Oil |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Wtrfrnt Hyphen Access Sp Near Co Wtrfrnt Hyphen Access Sp Near | None |
| Construction Materials | Wood Frame - 2x6 |
| Foundation Details | Poured Concrete |
| Exterior Sp Finish Co Exterior Sp Finish | Vinyl |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | None |
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Road Surface Type | Paved, Maintained |
|---|---|
| Frontage Type | None |
Taxes
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Bjerremark L12 B51 |
Area Information
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | Southeast Fairbanks |
| Community Name | BJERREMARK |
| School District | Lathrop |
| Elementary School | Hunter |
| High School | Lathrop |
| Listing VS Median (in BJERREMARK) | |
Price: $2,950,000 low | high Med: $2,450,000 sqft: 10,300 low | high Med: 8,515 $ / sqft: $286 low | high Med: $288 On site: 54 low | high Med: 54 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Fairbanks |
| Zip Code | 99701 |
| Area | 3C Fairbanks North Star Borough |
| Subarea | Southeast Fairbanks |
| Community Name | BJERREMARK |
| School District | Lathrop |
| Elementary School | Hunter |
| High School | Lathrop |
| Listing VS Median (in BJERREMARK) | |
Price: $2,950,000 low | high Med: $2,450,000 sqft: 10,300 low | high Med: 8,515 $ / sqft: $286 low | high Med: $288 On site: 54 low | high Med: 54 | |
