181-211 Pacific Ave - Apartments FOR SALE


Fairfield, CA 94533
$4,925,000 USD
916-724-1359
181-211 Pacific Ave, Fairfield, CA for Sale
$4,925,000 USD
Apartments - FOR SALE
1/19
null | 5.99% Cap Rate

181-211 Pacific Ave
Fairfield, CA 94533


HIGHLIGHTS

  • Value-Add Opportunity with Income Upside
  • 100% 2-Bedroom Units
  • Recent Exterior Upgrades - Landscaping, Paint, and Parking Lot

OVERVIEW

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in 181-211 Paci?c Avenue Apartments to the marketplace. The charming 24-unit apartment community is located in the heart of Fair?eld, California. The 1965 built property features 100% two-bedroom units. The majority of units are single story and afford residents with dedicated resident parking off street. Situated midway between San Francisco and Sacramento, Fair?eld greatly bene?ts from being a part of both major metro’s collective economies. The town’s most well-known landmarks are coincidentally the largest employment drivers in the northeast bay area. Jelly Belly Candy Factory, Anheuser-Busch Brewery, and the Travis Air Force Base are all located in town and provide a huge portion of well-paying jobs for residents. Fair?eld offers a host of suburban delights with diverse restaurants and shops located in various shopping centers throughout the city. Locals ?ock to the Solano Town Center for a wide range of shopping opportunities and entertainment options. Fair?eld is conveniently located at the intersection of two major freeways in interstate 80 and interstate 680, providing residents with quick access to Sacramento and the rest of the Bay Area. 181-211 Paci?c Avenue Apartments is a unique opportunity to purchase a value-add opportunity with income upside. Please do not disturb the management. All tours must be scheduled through the listing agent. Contact David DeLoney for more information.

FOR SALE DETAILS

PRICE

$4,925,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

24

PRICE/UNIT

$205,208

CAP RATE

5.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

MF

APN/PARCEL ID

0034-242-050,0034-242-060

ASK ABOUT THIS PROPERTY

Dusty HaelingMarcus & MillichapMore Info
916-724-1359

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Dusty HaelingMarcus & MillichapMore Info
916-724-1359

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