1533 Lacey Street, Fairbanks, AK 99701
sale
$8,750,000
|
Other
Courtesy Of BRASIER REALTY
This property started life out originally as a 60 unit summer only hotel with electric heat. Owners went through the property stripping it entirely to the studs. Updating everything from the studs forward, combining 3 units to make two, ending up with 44 units. With the updated windows, remote wall insulating ( 9 inches of insulation on outside wall of building) High efficiently boilers, radiant floor on all 4 levels have all brough the cost to heat this building to only 37 cents per square foot, per year. No, that's not a typo, it actually is only 37 cents per square foot a year to heat! ($10,500/year) Some apartment complexes spend that in a month! Property has an elevator that access four floors, making it ADA compliant. Current configuration is a high-end multiplex. Property would be wells suited for a contracting company needing office space and housing. Gross income is over $713,000/year.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Frame
- Heating System: Baseboard
- Heating System: Hot Water (Heating)
- MLSID: 159244
- Parking Spaces: 44
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