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$ 330,000
Est. payment /mo
Active
612 College RD Fairbanks, AK 99701
3 Beds
3 Baths
2,064 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $159
MLS Listing ID 25-13072
Bedrooms 3
Full Baths 3
Construction Status Existing Structure
Year Built 1950
Lot Size 8,087 Sqft
Acres 0.19
Source Alaska Multiple Listing Service
Property Description
612 College Road has everything that makes a rental property work long-term: a central location, a captive tenant pool, and the kind of quiet, steady demand that doesn't depend on market timing. And, based on the last three years of annual expenses and income, a prospective owner occupant would stand to pay roughly $450/mo to live, after electric, heat, and water and sewer! That's less than the the rent on a dry cabin!
This single-story triplex offers three 1-bed, 1-bath units across 2,064 square feet, each with updated flooring, fixtures, and newly installed triple-pane windows. Boiler heat keeps operating costs predictable. Unit 3 adds an attached garage -- for an owner-occupant suite if desired! Historically, rents run $1,300/unit/month, and the location offers tenants a short bus ride to the university, downtown, and major shopping corridors.
And then there's the lot next door.
An adjacent 4,200 square feet of land is available alongside the triplex -- room to build a second income property, add storage units, or even move snow in the winter!
At $330,000, this isn't a speculative bet. It's an already-performing asset with room to grow, in a location that tenants keep choosing year after year. The home inspection report is also available in the documents tab.
This single-story triplex offers three 1-bed, 1-bath units across 2,064 square feet, each with updated flooring, fixtures, and newly installed triple-pane windows. Boiler heat keeps operating costs predictable. Unit 3 adds an attached garage -- for an owner-occupant suite if desired! Historically, rents run $1,300/unit/month, and the location offers tenants a short bus ride to the university, downtown, and major shopping corridors.
And then there's the lot next door.
An adjacent 4,200 square feet of land is available alongside the triplex -- room to build a second income property, add storage units, or even move snow in the winter!
At $330,000, this isn't a speculative bet. It's an already-performing asset with room to grow, in a location that tenants keep choosing year after year. The home inspection report is also available in the documents tab.
Location
State AK
Area 710 - North Fairbanks
Zoning RMKS - See Remarks
Direction Across from Geraldos on College.
Interior
Interior Features Refrigerator
Heating Baseboard, Oil
Appliance Microwave (B/I)
Exterior
Parking Features None
Water Access Desc Public
Roof Type Membrane
Building
Lot Size Range 0.19
Sewer Public Sewer
Water Public
Construction Status Existing Structure
Schools
Elementary Schools Joy
Middle Schools Randy Smith
High Schools Lathrop
Others
Tax ID 0641282
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Listed by Majors Realty Group, LLC
NEARBY SCHOOL & BUSINESS
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