NHN 19th Avenue, Fairbanks, AK 99701

Property Description

PROPOSED 10-UNIT APARTMENT DEVELOPMENT | BUILD-TO-SUIT MULTIFAMILY INVESTMENT OPPORTUNITY. Take advantage of the boroughs 10 year Tax exemption with this build!* Bring your multifamily investment vision to life with this proposed 10-unit apartment development. 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, this project 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, the property is well-positioned to attract healthcare professionals, military personnel, government employees, and other residents seeking convenient access to work, recreation, and everyday amenities. The combination of nearby employment centers and essential services helps support year-round rental demand and long-term investment potential. The proposed three-story apartment building features ten spacious 1 bedroom, 1 bath units. Planned amenities include modern floor plans, in-unit laundry, dedicated parking, bike storage, and attractive finishes designed to appeal to today's renters while supporting 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 to their 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's market. With strong rental demand, a highly desirable central Fairbanks location, and the ability to work directly with an experienced Alaska multifamily builder, this is an exceptional opportunity to take a proven apartment development concept from plan to reality. Annual gross rents are projected at $198k/Year based off local rental data. The 19th Avenue location is being utilized to showcase the development concept and potential. 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.