Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64units spread across two well-maintained buildings, presenting an excellent chance for investors seeking stable returns and long-term growth. The complex offers a mix of unit sizes, including one-bedroom, and two-bedroom apartments, catering to a diverse Welcome to the Dixon Apartments, a prime investment opportunity nestled in the heart of Fairbanks. This multi-family complex offers a total of 64 units spread across two well-maintained buildings, presenting an excellent chance for investors seeking stable returns and long-term growth. The complex offers a mix of unit sizes, including one-bedroom, and two-bedroom apartments, catering to a diverse tenant base. In addition to residential units, the property includes 60+ indoor storage units, providing an opportunity for supplementary income. Over the years, several upgrades have been made, including a new sewer line (2019), exterior insulation, new siding, and storm windows (2009), and interior renovations as needed, ensuring the property remains attractive and competitive. Each building features coin-operated laundry facilities, providing convenience for tenants and additional revenue streams for the owner. Conveniently situated off Steese Highway on 10th Avenue, the Dixon Apartments offer easy access to amenities, schools, and transportation routes. With a current 5% vacancy rate and well-maintained facilities, the Dixon Apartments present a compelling investment opportunity with significant upside potential. Efficient management and strategic marketing initiatives can further enhance rental income and maximize returns for investors. Don't miss out on this exceptional investment opportunity in Fairbanks. Whether you're a seasoned investor or exploring your first venture in real estate, the Dixon Apartments offer a solid foundation for long-term success. Call today to schedule a private viewing and take the first step toward building your investment portfolio.
Property Details
Property Features
Property Information:
Year Built: 1945
Living Area: 59,616 SqFt
Listing Office:
Office Name: NextHome Arctic Sun
Office Phone: (907) 456-4653
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 64
Total Bedroom Count: 64
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 2.00 Acres
School Info
Assigned Schools Information:
Lathrop High School, Public District Grades 9-12
Ryan Middle School, Public District Grades 7-8
Joy Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: Steese Highway to 10th Avenue, property on Right, next to the Regency Hotel
Price Information
Listing Price Info
Price Summary:
List Price: $5,750,000
Price Per SqFt: $96/SqFt
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MLS Details
MLS Information:
MLS Name: Alaska Multiple Listing Service
MLS Number: #24-4548
Listing Office:
Office Name: NextHome Arctic Sun
Office Phone: (907) 456-4653
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than this broker are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage.
All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.
Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/15/2024, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Joy Elementary School
24 Margaret Ave
Distance between this listing and this school1.53 miles
Public District Grades PK-6
Middle School
2
/10
Ryan Middle School
951 Airport Way
Distance between this listing and this school0.79 miles
Public District Grades 7-8
High School
5
/10
Lathrop High School
901 Airport Way
Distance between this listing and this school0.74 miles
Public District Grades 9-12
Assigned Schools
5
/10
Joy Elementary School
24 Margaret Ave
Distance between this listing and this school1.53 miles
Public District Grades PK-6
Nearby Schools
5
/10
Hunter Elementary School
1630 Gillam Way
Distance between this listing and this school0.70 miles
Public District Grades PK-6
4
/10
Nordale Elementary School
397 Hamilton Ave
Distance between this listing and this school0.74 miles
Public District Grades PK-6
Assigned Schools
2
/10
Ryan Middle School
951 Airport Way
Distance between this listing and this school0.79 miles
Public District Grades 7-8
Nearby Schools
4
/10
Barnette Magnet School
1000 Barnette St
Distance between this listing and this school0.46 miles
Public Magnet Grades PK-8
4
/10
Tanana Middle School
600 Trainor Gate Rd
Distance between this listing and this school1.38 miles
Public District Grades 7-8
Assigned Schools
5
/10
Lathrop High School
901 Airport Way
Distance between this listing and this school0.74 miles
Public District Grades 9-12
Nearby Schools
3
/10
Alternative Learning Systems
520 5th Ave
Distance between this listing and this school0.28 miles
Public District Grades PK-12
5
/10
Fairbanks B.E.S.T.
520 5th Ave
Distance between this listing and this school0.28 miles
The neighbors living near this home have an average income of $28,885. The most common annual income of people living in Fairbanks North Star County, AK is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
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This home is located at 100 10th Ave in Fairbanks, AK and zip code 99701. This 59,616 square foot home, which was built in 1945, sits on a 2.00 acre lot. Features: 64 bedrooms, 64 bathrooms. It has been listed on Rocket Homes since April 28, 2024 and is currently priced at $5,750,000.
The inventory of homes for sale in Fairbanks North Star County, AK between March 2024 and April 2024 decreased by 19.5%. While the average time on the market in April 2024 was 137 days, the median list price was $324,950.
From Rocket Homes Real Estate and based on county public records data.
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than this broker are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. 
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