This is a major rehab deal in a growing area of Fairbanks, AK. This 3 bed 2 bath single-family home spans 1,360 sqft and sits on a spacious 0.182-acre lot. Built in 1966, the home has great potential but needs the right investor to bring it back to life.
The good news? Some of the major updates are already taken care of. The vinyl windows were replaced 10-15 years ago, the furnace and hot water tank are between 5-10 years old, and both the electrical and plumbing are in good condition. Structurally, the home has solid bones, making this a great project for an experienced investor looking for a profitable flip.
So, what’s left to do? If you look past the debris left behind by the previous tenants, you’ll see a great investment opportunity. The home needs a new roof due to leaks, as well as interior cosmetic updates such as new paint, trim, doors, and flooring. The kitchen and bathrooms will need to be updated, as the last known improvements were made about 5-10 years ago. The siding may need some repairs as well.
With an ARV of $325,000, a growing market, and a straightforward scope of work, this deal is positioned to move fast. Investors who have been sharing their rehab budgets with us would likely estimate the work at $60,000 - $80,000.
This is a rare chance to secure a deal far below market value in an area with strong buyer demand. All debris inside the home will remain and must be discarded by the new owner.
Contact Viktor Rybachuk at 206-488-0606 immediately to secure this opportunity!
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