1400 Humphrey Dr - Apartments FOR SALE


Suisun City, CA 94585- East
$17,175,000 USD
415-625-2117
1400 Humphrey Dr, Suisun City, CA for Sale
$17,175,000 USD
Apartments - FOR SALE
1/5
null | 6.01% Cap Rate

1400 Humphrey Dr
Suisun City, CA 94585
East


HIGHLIGHTS

  • Superior unit mix of eleven-1bed/1bath, one-2bed/1bath, twenty-eight-2bed/1.5bath, and twenty-two-3bed/1.5bath floorplans.
  • Strong growth story near the planned California Forever development, including the 2,100-acre Solano Foundry and 170,000 proposed homes.
  • Significant recent capital improvements including new composite roofs, a resurfaced pool, and renovated units throughout the property.
  • Well-maintained garden-style community on 3.12 acres featuring ample parking, a pool, two laundry facilities, and a leasing office.
  • Just 4.5 miles from Travis Air Force Base, a major regional employer with over 10,000 jobs.
  • Excellent commuter location between Sacramento and the Bay Area with convenient access to major employment centers.

OVERVIEW

**CONTACT THE LISTING BROKER JON HOLMQUIST FOR THE FULL OFFERING MEMORANDUM** Autumn Oaks Apartments offers well-located, comfortable living with convenient access to key employment, healthcare, and retail destinations throughout Solano County. The property features spacious one, two, and three-bedroom apartment homes and townhomes and is ideally situated near NorthBay Health Medical Center with immediate access to Interstate 80 and State Route 12. Residents benefit from proximity to Travis Air Force Base, the new California Forever project, Vacaville Outlets, and a wide range of shopping, dining, and entertainment options, making everyday commuting and lifestyle needs easily accessible. The subject property boasts a large 3.12-acre site on two parcels with well-manicured landscaping and great curb appeal. Per property records, the complex is of 1978 construction, with twelve two-story buildings that benefit from all new pitched composite roofs, a renovated pool area, and unit upgrades upon turnover The complex is configured with open parking to the sides, a sparkling central pool with vast lawn area to the center, two onsite laundry rooms, and a dedicated rental office towards the front entrance. Unit interiors are in superior condition with turnovers benefiting from full kitchen remodel which includes new cabinets, countertops, new stainless-steel appliances. Unit amenities include garbage disposals, dishwashers, electric stoves, gas wall heaters, individual a/c units, and ceiling fans in most units. The complex is separately metered for PG&E, with RUBS reimbursement in place. The property is professionally managed with long term onsite and off-site management in place. Offered for sale, for the first time in several decades, this asset provides a compelling value add opportunity for a new investor.

FOR SALE DETAILS

PRICE

$17,175,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

62

PRICE/UNIT

$277,016

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Autumn Oaks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,858 SF

ZONING

RH, Suisun City

APN/PARCEL ID

0038-261-010,0038-261-020

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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