1124 Union Ave - Apartments FOR SALE


Fairfield, CA 94533
$2,195,000 USD
415-747-2150
1124 Union Ave, Fairfield, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/22
null | 6.06% Cap Rate

1124 Union Ave
Fairfield, CA 94533


HIGHLIGHTS

  • Upgraded Fairfield Investment Property
  • All 2-Bedroom Units
  • Upgraded Electrical Panels
  • New Sewer Lateral
  • 10 of 12 Units Remodeled
  • Repaved Parking Area

OVERVIEW

Rarely available 12-unit apartment complex with many recent upgrades located in desirable central Fairfield, CA. Highlighted by a coveted unit mix of all 2-bedroom, 1-bath units, this two-story property features dual-paned windows, individual water heaters, and individual electric meters. Comprised of two six-unit buildings situated on a street-to-street I-shaped lot, this excellent investment property has separate access from Union Ave or Washington St. Most of the efficient 2-bedroom units have been remodeled by the current ownership. Some of the recent property improvements include upgraded electrical panels, new sewer laterals, upgraded courtyard areas, and newer exterior paint. With extremely limited inventory for multi-family investment property in Fairfield over the last few years, the subject property provides an exceptional opportunity to acquire an upgraded asset in a coveted rental location. Located in central Fairfield, this apartment complex is close to Heritage Park Shopping Center, Solano Town Center, schools, restaurants and shopping. The property also provides easy access to both Interstate 80 and Hwy 12. Situated on the I-80 corridor between two of the strongest rental markets in the country, Fairfield is in an excellent position to continue benefiting from the unprecedented rent growth in Northern California. This property is located in one of the most affordable and fastest growing markets within the Bay Area.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

12

PRICE/UNIT

$182,917

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,703 SF

ZONING

-

APN/PARCEL ID

0030-092-340

ASK ABOUT THIS PROPERTY

Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

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Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.