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Norsemen 1901 Mary Ann St 49 Unit Apartment Building $3,078,828 CAD ($62,833 CAD/Unit) Fairbanks, AK 99701
INVESTMENT HIGHLIGHTS
- Heavy Day Time Traffic
- Convenient Location
EXECUTIVE SUMMARY
This 44 unit complex consists of 5 individual 1 bedroom homes, an 18plex, a 7plex, and a 14plex. The 18plex and the 14plex were both remote walled insulated about 10 years ago. the 18plex R52 wall and the 14plex has a R48, with all windows replaced, and bathroom fans added to both complexes, new pitched roof was added to the 14plex approx. 8 years ago. All buildings have had new natural gas condensing boilers added in the last 5 years. First showing will consist of 5-6 units giving you a feel for the buildings. Minimum of 5 day notice required to accommodate setting up appointments, listing agent to accompany showings. Not included in the sf is additional 10500sf heated basements, great storage areas, this puts a total of 30,000 under roof of heated space.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$597,140
|
$10.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$597,140
|
$10.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$217,855
|
$3.82
|
| Net Operating Income |
$379,285
|
$6.65
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $597,140 |
| Annual Per SF | $10.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $597,140 |
| Annual Per SF | $10.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $217,855 |
| Annual Per SF | $3.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $379,285 |
| Annual Per SF | $6.65 |
PROPERTY FACTS
| Price | $3,078,828 CAD | Building Class | C |
| Price Per Unit | $62,833 CAD | Lot Size | 5.21 AC |
| Sale Type | Investment | Building Size | 57,000 SF |
| No. Units | 49 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2018 |
| Property Subtype | Apartment | Parking Ratio | 0.18/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MF, Fairbanks - Multiple-Family Residential/Professional Office District | ||
| Price | $3,078,828 CAD |
| Price Per Unit | $62,833 CAD |
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.21 AC |
| Building Size | 57,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 0.18/1,000 SF |
| Zoning | MF, Fairbanks - Multiple-Family Residential/Professional Office District |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Yard
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 26 | - | 240 - 340 |
| 1+1 | 15 | - | 750 - 850 |
| 2+1 | 3 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 516538 | Improvements Assessment | $1,143,336 CAD (2025) |
| Land Assessment | $82,319 CAD (2025) | Total Assessment | $1,225,656 CAD (2025) |
PROPERTY TAXES
Parcel Number
516538
Land Assessment
$82,319 CAD (2025)
Improvements Assessment
$1,143,336 CAD (2025)
Total Assessment
$1,225,656 CAD (2025)
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Norsemen | 1901 Mary Ann St
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