NOT LISTED FOR SALE
4 Beds
-- Bath
5,910 Sq Ft
1.25 Acre Lot

Sale Details

Date Sold: February 1, 2024

4 Days on Market

Highlights

  • Deck
  • Radiant Floor
  • 12 Car Detached Garage
  • Vaulted Ceiling
  • Solid Surface Countertops
  • Home Security System

About This Home

As of February 2024

Welcome to an exceptional investment opportunity in the heart of North Pole, Alaska, where the potential for solid returns meets the unique charm of the region. This 5-plex property boasts an ideal location, with Eielson Air Force Base just 10 minutes away and Fort Wainwright also within a convenient 10-minute drive. Unit Configuration: Four one-bedroom apartments with one-car garages and one bathroom each. One spacious upstairs apartment featuring one bedroom, an office, 1.5 bathrooms, a dining room, a living room, and a wine refrigerator. Garage Space for Dry Storage Rental: The property offers a fantastic opportunity for additional income through an 8-car garage, providing dry storage rental during the winter months. This feature caters to the needs of residents seeking secure storage solutions for their vehicles or belongings during the harsh Alaskan winters. Proximity to Military Bases: With Eielson AFB and Fort Wainwright just a short 10-minute drive away, the property is strategically located to attract military personnel and their families. This proximity increases the demand for rental units, enhancing the property's potential for consistent occupancy. Unique Upstairs Apartment: The one-bedroom upstairs apartment with an office space, dining room, and living room offers a luxurious and desirable living arrangement. The inclusion of a wine refrigerator adds a touch of sophistication and convenience, making this apartment stand out in the market. Historical High Occupancy Rate: A notable feature of this investment is its track record of never staying vacant. The consistently high occupancy rate is a testament to the property's appeal, location, and management. Local Amenities and Attractions: North Pole, AK, is known for its picturesque landscapes and festive atmosphere. The property's proximity to the charming town center, local amenities, and attractions makes it an attractive option for residents. Potential for Appreciation: Given the strategic location and demand from military personnel, there is the potential for property value appreciation over time, making this investment not only lucrative in terms of rental income but also as a long-term asset. This 5-plex property in North Pole, AK, presents a rare opportunity to invest in a thriving rental market with a strong demand for housing. Whether you're a seasoned investor or looking to enter the real estate market, this property's features and location make it an attractive and reliable investment option. Don't miss out on the chance to be part of the flourishing North Pole community with this lucrative real estate opportunity.

Last Agent to Sell the Property

Ivy Nicholson

CYCLIC PROPERTIES REAL ESTATE License #171382 Listed on: 01/03/2024

Last Buyer's Agent

Angie Tallant

SOMERS SOTHEBY'S License #RECA15668

SOMERS SOTHEBY'S
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,560

Year Built

  • Built in 2010

Lot Details

  • 1.25

Home Design

  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Bedrooms
  • 5,910 Sq Ft Home
  • Vaulted Ceiling
  • Vinyl Clad Windows
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Radiant Floor
  • Laminate

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 12 Car Detached Garage
  • Heated Garage
  • Garage Door Opener

Schools

  • North Pole Elementary School
  • N. Pole Middle School
  • N. Pole High School

Utilities

  • Heating System Uses Oil
  • Well
  • Water Softener
  • Private Sewer
  • High Speed Internet

Additional Features

  • Air Exchanger
  • Deck
  • 1.25 Acre Lot

Community Details

  • 5 Units
  • Gross Income $92,000

Listing and Financial Details

  • Tax Lot Tract B, Lot 4
  • Assessor Parcel Number 388343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,560

Year Built

Built in 2010

Lot Details

1.25 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: FIVE PLEX
  • Age: 11-15 yrs.
  • Fire Service: Public
  • Price Per Sq Ft: 121.83
  • Year Built: 2010
  • Subd Township Range: 2S 2E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Equipment: Range/Oven, Microwave, Dishwasher, Smoke Detector, Water Softener, Refrigerator, Washer, Dryer, Blinds, Garage Door Opener
  • Interior Amenities: Cat 5, Laminate Floors, Passive Air Exchange, Security System, Smoke Detectors, Solid Type Countertops, Vaulted Ceiling
  • Total Bedrooms: 4
  • Windows: Vinyl
  • Number of Bathrooms Areas: 6
  • Laundry: Garage

Exterior Features

  • Construction: 2x8
  • Exterior Features: Deck/Patio, High Speed Internet
  • Exterior Finish: Vinyl
  • Foundation: Poured Concrete
  • Road Service: Public
  • Roof: Shingle

Garage/Parking

  • Garage Type: Detached/HTD
  • Number Of Parking Spaces: 12
  • Garage Capacity Unit: 8
  • Outside Parking Space Unt: 5

Utilities

  • Heating: Radiant Floor
  • Sewer: Private
  • Water: Private Well

Lot Info

  • Assessments: Unknown
  • Geo Subdivision: AK
  • Lot Tax Lot: Tract B, Lot 4
  • Mill Rate: 13.994
  • Number Of Acres: 1.249
  • Zoning: General Use District - 1
  • Lot Sq Ft: 54406

Tax Info

  • Taxes: 8,560
  • Assessor Parcel Number: 388343

Multi Family

  • Bedrooms Unit: One
  • Total Number Of Units: 5
  • Type Of Units1 Bdrm: 4
  • Type Of Units2 Bdrm: 1

MLS Schools

  • Elementary School: North Pole
  • Senior High School: N. Pole High
  • Middle School: N. Pole Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Ivy Nicholson
CYCLIC PROPERTIES REAL ESTATE
Buyer's Agent
Angie Tallant
SOMERS SOTHEBY'S
List Price
$720,000
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Outstanding Balance
$243,954
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2021
Closed on
Aug 13, 2021
Sold by
Bought by
Seller's Agent
Angie Tallant
SOMERS SOTHEBY'S
Buyer's Agent
Angie Tallant
SOMERS SOTHEBY'S
List Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$650,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $635,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2024 02/01/24 Sold -- -- --
01/07/2024 01/07/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $720,000 +10.8% $122 / Sq Ft
08/16/2021 08/16/21 Sold -- -- -- View Prior Sale
08/11/2021 08/11/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $650,000 -- $110 / Sq Ft
Source: Greater Fairbanks Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,810 $619,044 $18,607 $600,437
2024 $8,771 $619,044 $18,607 $600,437
2023 $8,561 $611,747 $18,607 $593,140
2022 $9,254 $585,579 $18,607 $566,972
2021 $8,837 $504,617 $18,607 $486,010
2020 $9,019 $510,533 $18,607 $491,926
2019 $8,971 $510,533 $18,607 $491,926
2018 $8,372 $510,781 $18,607 $492,174
2017 $7,876 $515,753 $18,607 $497,146
2016 $7,616 $515,753 $18,607 $497,146
2015 $7,143 $515,753 $18,607 $497,146
2014 $7,143 $515,753 $18,607 $497,146
Source: Public Records

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Map

Source: Greater Fairbanks Board of REALTORS®

MLS Number: 154355

Greater Fairbanks Board of REALTORS®
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